Tag: Chinese Domestic Billet price

Steel billet prices in China’s Tangshan increased by RMB 20/t ($3/t) to RMB 3,720/t ($537/t) on 9 Sept’22, inclusive of 13% VAT. Hike in rebar futures, decline in inventories and improving demand in the market before the mid-Autumn festival have supported domestic prices. China’s SHFE rebar futures contract for Jan’23 delivery closed today at RMB…