SteelMint

Tag: Chinese billet domestic prices

  • China: Domestic billet prices down RMB 100/t ($15/t)

    China: Domestic billet prices down RMB 100/t ($15/t)

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    by

    Indranath Jha
    in

    Steel billet prices in China’s Tangshan fell by RMB 100/t ($15/t) on 2 Aug’21. Domestic billet prices are at RMB 5,170/t ($800/t), inclusive of 13% VAT. SteelMint notes that overall billet trading continues to be somewhat weak. Chinese rebar futures contract for Oct delivery closed today at RMB 5,414/t ($834/t), witnessing a huge decline of…