Tag: China: Steel billet prices drop by RMB 30/t ($4/t)

Steel billet prices in China’s Tangshan increased by RMB 30/t ($4/t) to RMB 3,080/t ( $429/t) from the previous day’s RMB 3,050/t ($425/t, including VAT), while SHFE Oct25 rebar futures incline RMB 29/t ($4/t) to RMB 3,233/t ($450/t). Prices were driven by the rally in coking coal futures, fuelled by coal production control rumors, which…