SteelMint

Tag: China domestic billet price

  • China: Steel billets prices fall by RMB 50/t ($7/t) d-o-d

    China: Steel billets prices fall by RMB 50/t ($7/t) d-o-d

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    by

    Vaibhav Dubey
    in

    Domestic billets prices in China’s Tangshan fell for the second consecutive day by RMB 50/t ($7/t) to RMB 3,810/t ($565/t), inclusive of 13% VAT on 1 Feb’23. A significant decline in futures and finished steel prices have weighed on billets prices, SteelMint noted. China’s SHFE rebars futures contract for May’23 delivery closed today at RMB…