SteelMint

Tag: Chinese billet domestic prices

  • China: Domestic billet prices rise as rebar futures rebound

    China: Domestic billet prices rise as rebar futures rebound

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    by

    Indranath Jha
    in

    Steel billet prices in China’s Tangshan rose by RMB 50/t ($8/t), d-o-d, on 9 Sept’21. Domestic billet prices stood at RMB 5,170/t ($800/t) inclusive of 13% VAT. According to data maintained with SteelMint, China’s rebar futures contract for Jan’22 delivery closed today at RMB 5,682/t ($879/t), witnessing a noticeable recovery of RMB 230/t ($36/t) against…