Tag: Chinese billet domestic prices

China: Domestic billet prices stable, re-bar futures down

Sep 23, 2021

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by

Vaibhav Dubey

in Billet

Steel billet prices in China’s key steelmaking province of Tangshan remained stable at RMB 5,230/t ($810/t), inclusive of 13% VAT on 23 Sep’21. According to data maintained with SteelMint, China’s re-bar futures contract for Jan’22 delivery closed today at RMB 5,605/t ($868/t), witnessing a d-o-d fall of RMB 51/t ($8/t).