Tag: China domestic billet price

Domestic billets prices in China’s Tangshan increased by RMB 20/t ($3/t) d-o-d to RMB 3,790/t ($559/t) on 9 Feb’23. Prices are inclusive of 13% VAT. Improved raw material demand and an uptick in rebars futures and finished steel prices have supported billets prices. China’s SHFE rebar futures contract for May’23 delivery closed today at RMB…