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Tag: China domestic billet price

  • China: Steel billets prices fall to over two-month low

    China: Steel billets prices fall to over two-month low

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    by

    Vaibhav Dubey
    in

    Domestic billets prices in China’s Tangshan fell by RMB 80/t ($12/t) d-o-d to RMB 3,840/t ($562/t), hitting over a 2-month low level. Prices include 13% VAT. Falling rebars futures and finished steel prices have pulled down billets prices. SHFE rebars futures for May’23 delivery closed today at RMB 4,070/t ($596/t), down RMB 83/t ($12/t) d-o-d.