SteelMint

Tag: China domestic billet prices

  • China: Steel billet prices and rebar futures drop sharply

    China: Steel billet prices and rebar futures drop sharply

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    by

    Indranath Jha
    in

    Steel billet prices in China’s Tangshan fell to RMB 4,900/t ($766/t) on 27 Oct’21, which includes 13% VAT, down by RMB 60/t ($9/t) d-o-d . SteelMint data shows that China’s rebar futures contract for Jan’22 delivery at the Shanghai Futures Exchange (SHFE) closed at RMB 4,655/t ($728/t) today, a sharp d-o-d drop of RMB 262/t…