Tag: China domestic billet price

Domestic billets prices in China’s Tangshan fell by RMB 80/t ($11/t) to RMB 3,730/t ($535/t), inclusive of 13% VAT on 19 Dec’22. Weak demand, a sharp fall in futures, and finished steel prices have pulled down billets prices. China’s SHFE rebars futures contract for May’23 delivery closed today at RMB 3,927/t ($563/t), a decrease of…