Tag: China domestic billet price
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China: Steel billets prices stable, rebar futures rise d-o-d
Domestic billets prices in China’s Tangshan remained stable d-o-d at RMB 3,550/t ($505/t), inclusive of 13% VAT on 2 Dec’22. The stability in finished steel prices and a significant rise in rebar futures have supported billets prices. However, China’s SHFE rebar futures contract for May’23 delivery closed today at RMB 3,808/t ($542/t), a rise of…