Tag: China domestic billet price

China: Steel billets prices stable, rebars futures edge down d-o-d

Dec 28, 2022

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by

Vaibhav Dubey

in Billet

Domestic billets prices in China’s Tangshan remained stable d-o-d at RMB 3,760/t ($539/t), inclusive of 13% VAT on 28 Dec’22. Stability in finished steel prices has supported billets prices, SteelMint noted. However, China’s SHFE rebars futures contract for May’23 delivery closed today at RMB 4,050/t ($580/t), a fall of RMB 16/t ($2/t) d-o-d.