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Tag: China domestic billet price

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

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

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    by

    Vaibhav Dubey
    in

    Domestic billets prices in China’s Tangshan remained stable for the second consecutive day at RMB 3,560/t ($500/t), inclusive of 13% VAT on 18 Nov’22. Stability in finished steel prices has supported domestic billets prices. However, China’s SHFE rebars futures contract for Jan’23 delivery closed today at RMB 3,716/t ($522/t), a decrease of RMB 10/t ($1/t)…