Tag: China domestic billet price

Domestic billets prices in China’s Tangshan increased by RMB 20/t ($3/t) to RMB 3,870/t ($564/t), inclusive of 13% VAT, on 20 Feb’23. Improved demand, rising futures, and high finished steel prices supported billets prices. China’s SHFE rebars futures contract for May’23 delivery closed today at RMB 4,184t ($610/t), an increase of RMB 17/t ($2/t) as…