Tag: China domestic billet price

China: Steel billets prices stable d-o-d even as rebar futures fall

Feb 2, 2023

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by

Vaibhav Dubey

in Billet

Domestic billets prices in China’s Tangshan remained stable d-o-d at RMB 3,810/t ($567/t), inclusive of 13% VAT, on 2 Feb’23. Even as rebar futures dropped, stable finished steel prices have supported billets prices, SteelMint notes. China’s SHFE rebar futures contract for May’23 delivery closed today at RMB 4,042/t ($601/t), a decrease of RMB 42/t ($6/t)…