Tag: China domestic billet price

Domestic billets prices in China’s Tangshan rose by RMB 60/t ($9/t) to RMB 4,030/t ($580/t) today against 7 Mar’23, hitting over an 8-month high level. Prices include 13% VAT. Improved demand, rising rebars futures, and high finished steel prices have supported billets prices. SHFE rebars futures for May’23 delivery closed today at RMB 4,314/t ($621/t),…