Tag: China domestic billet price

Domestic billets prices in China’s Tangshan rose d-o-d by RMB 40/t ($6/t) to RMB 3,730/t ($537/t), inclusive of 13% VAT on 14 Dec’22. A hike in futures and finished steel prices have supported billets prices, SteelMint noted. China’s SHFE rebars futures contract for May’23 delivery closed today at RMB 3,986/t ($573/t), an increase of RMB…