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Tag: China domestic billet price

  • China: Steel billet prices fall RMB 60/t ($8/t) d-o-d

    China: Steel billet prices fall RMB 60/t ($8/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 60/t ($8/t) to RMB 3,500/t ($488/t), inclusive of 13% VAT on 21 Nov’22. Sluggish demand, drop in futures and finished steel prices have pulled down domestic billets prices. China’s SHFE rebars futures contract for Jan’23 delivery closed today at RMB 3,671/t ($512/t), a decrease of…