Tag: China domestic billet price

Domestic billet prices in China’s Tangshan increased d-o-d by RMB 20/t ($3/t) to RMB 3,770/t ($553/t), inclusive of 13% VAT on 14 Feb’23. Hike in futures and stability in finished steel prices have supported billet prices, SteelMint notes. China’s SHFE rebar futures contract for May’23 delivery closed today at RMB 4,027/t ($591/t), a rise of…