Tag: China domestic billet price

Domestic billets prices in China’s Tangshan rose by RMB 20/t ($3/t) d-o-d today to RMB 4,070/t ($592/t), including 13% VAT. Rising rebars futures have supported billets prices. However, buying interest at current offers is limited as market participants are in a wait-and-watch mode. SHFE rebars futures for May’23 delivery closed today at RMB 4,373/t ($636/t),…