SteelMint

Tag: China domestic billet

  • China: Domestic billet prices up by RMB 20/t ($3/t)

    China: Domestic billet prices up by RMB 20/t ($3/t)

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    by

    Vaibhav Dubey
    in

    Steel billet prices in China’s Tangshan rose by RMB 20/t ($3/t) on 29 Sep’21. Domestic billet prices stood at RMB 5,210/t ($806/t), inclusive of 13% VAT. According to data maintained with SteelMint, China’s rebar futures contract for Jan’22 delivery at the Shanghai Futures Exchange (SHFE) closed today at RMB 5,657/t ($875/t), witnessing an increase of…