SteelMint

Tag: China domestic billet price

  • China: Steel billet prices edge down by RMB 30/t ($4/t)

    China: Steel billet prices edge down by RMB 30/t ($4/t)

    —

    by

    Vaibhav Dubey
    in

    Domestic billet prices in China’s Tangshan fell by RMB 30/t ($4/t) to RMB 3,900/t ($561/t), inclusive of 13% VAT on 27 Feb’23. Declining futures weighed on billet prices, SteelMint notes. China’s SHFE rebar futures contract for May’23 delivery closed today at RMB 4,191/t ($603/t), a decrease of RMB 33/t ($5/t) as against the closing on…