SteelMint

Tag: China domestic billet price

  • China: Steel billets prices edge up RMB 30/t ($4/t) d-o-d

    China: Steel billets prices edge up RMB 30/t ($4/t) d-o-d

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    by

    Vaibhav Dubey
    in

    Domestic billets prices in China’s Tangshan rose by RMB 30/t ($4/t) d-o-d to RMB 3,970/t ($572/t), inclusive of 13% VAT, on 7 Mar’23. A recovery in rebars futures as well as finished steel prices has supported billets prices, SteelMint notes. China’s SHFE rebars futures contract for May’23 delivery closed today at RMB 4,248/t ($612/t), an…