Tag: China domestic billet price

Domestic billets prices in China’s Tangshan increased d-o-d by RMB 20/t ($3/t) to RMB 3,950/t ($573/t), inclusive of 13% VAT on 23 Feb’23. Improved demand and supportive finished steel prices continued to support billets prices. However, China’s SHFE rebars futures contract for May’23 delivery closed today at RMB 4,228 t ($613/t), a slight fall of…