SteelMint

Tag: Chinese billet domestic prices

  • China: Domestic billet prices plummet as rebar futures surge

    China: Domestic billet prices plummet as rebar futures surge

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    by

    Indranath Jha
    in

    Steel billet prices in China’s Tangshan fell by RMB 20/t ($3/t) on 29 Jul’21. Prices of domestic billets were reported at RMB 5,240/t ($808/t), inclusive of 13% VAT. SteelMint notes that overall billet trading was somewhat weak. The most active Chinese rebar futures contract for Oct’21 delivery settled at RMB 5,753/t ($891/t), witnessing a sharp…