Tag: China domestic billet price

Domestic billets prices in China’s Tangshan rose d-o-d by RMB 50/t ($7/t) to RMB 3,760/t ($540/t), inclusive of 13% VAT on 27 Dec’22. A hike in futures has supported billets prices. However, weak demand still prevails in the market. China’s SHFE rebars futures contract for May’23 delivery closed today at RMB 4,066/t ($584/t), an increase…