SteelMint

Tag: China domestic billet price

  • China: Steel billets prices fall RMB 50/t ($7/t)

    China: Steel billets prices fall RMB 50/t ($7/t)

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    by

    Vaibhav Dubey
    in

    Domestic billets prices in China’s Tangshan fell by RMB 50/t ($7/t) to RMB 3,800/t ($564/t), inclusive of 13% VAT, on 16 Jan’23. A decline in rebar futures has pulled down billets prices, SteelMint notes. China’s SHFE rebar futures contract for May’23 delivery closed today at RMB 4,093/t ($608/t), a decrease of RMB 80/t ($12/t) as…