SteelMint

Tag: China domestic billet price

  • China: Steel billet prices edge down RMB 30/t ($4/t) d-o-d

    China: Steel billet prices edge down RMB 30/t ($4/t) d-o-d

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    by

    Vaibhav Dubey
    in

    Domestic billets prices in China’s Tangshan fell d-o-d by RMB 30/t ($4/t) to RMB 3,550/t ($502/t), inclusive of 13% VAT on 30 Nov’22. Drop in futures and weak market sentiments have pulled down billets prices, SteelMint noted. China’s SHFE rebars futures contract for Jan’23 delivery closed today at RMB 3,748/t ($530/t), a decrease of RMB…