Tag: China domestic billet price
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China: Billets prices hit 7-month high amid positive sentiments
Billets prices in China’s Tangshan rose by RMB 60/t ($9/t) d-o-d today to RMB 3,930/t ($571/t), hitting a seven-month high level. Prices are inclusive of 13% VAT. Strong demand, rising rebars futures, and finished steel prices continued to support billets prices. SHFE rebars futures for May’23 delivery closed today at RMB 4,254/t ($618/t), rising sharply…