Tag: China: Domestic billet prices rise by $32/t on soaring rebar futures

Domestic billet prices in China jumped by RMB 200/t ($32/t) today against 28 May ’21 as futures rallied. According to data maintained with SteelMint, rebar futures contracts settled at RMB 5,027/t ($789/t) on 31 May ’21. The prices of commonly traded Q235 billet (150mm) were reported at RMB 5,000/t ($785/t) in Tangshan, including 13 %…