Tag: Chinese domestic billet price surge by RMB 140/t ($21)

Chinese domestic billet prices surge by RMB 140/t ($21)

Apr 2, 2021

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by

Pranjal Markale

in Billet

Today the billet prices in Tangshan shot up by RMB 140/t ($21) d-o-d. The emission cut by 30-50% amongst mills in Tangshan reeling its impact. However, the demand from downstream remained vibrant. The prices of commonly traded Q235 billet 150mm diameter were reported to be at RMB 4,960/t ($756/t) ex Tangshan, including 13 % VAT.