Tag: China domestic billet price

Domestic billet prices in China’s Tangshan rose by RMB 60/t ($9/t) d-o-d to RMB 3,840/t ($567/t), inclusive of 13% VAT, on 11 Jan’23. A hike in rebar futures and finished steel prices have supported billet prices, SteelMint notes. China’s SHFE rebar futures contract for May’23 delivery closed today at RMB 4,161/t ($614/t), an increase of…