Tag: China domestic billet price

Domestic billets prices in China’s Tangshan fell by RMB 40/t ($6/t) d-o-d to RMB 3,770/t ($556/t), inclusive of 13% VAT, on 6 Feb’23. A decrease in rebars futures and finished steel prices have weighed on billets prices. China’s SHFE rebars futures contract for May’23 delivery closed today at RMB 4,049/t ($597/t), a decrease of RMB…