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Tag: China domestic billet price

  • China: Steel billet prices stable, rebar futures edge up d-o-d

    China: Steel billet prices stable, rebar futures edge up d-o-d

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    by

    Vaibhav Dubey
    in

    Domestic billets prices in China’s Tangshan remained stable at RMB 3,520/t ($491/t), inclusive of 13% VAT on 23 Nov’22. Stability in finished steel prices and a marginal increase in futures have supported domestic billets prices. China’s SHFE rebars futures contract for Jan’23 delivery closed today at RMB 3,691/t ($515/t), an increase of RMB 14/t ($2/t)…