SteelMint

Tag: Chinese Domestic Billet price

  • China: Steel billet prices fall by RMB 140/t ($22/t)

    China: Steel billet prices fall by RMB 140/t ($22/t)

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    by

    Vaibhav Dubey
    in

    Steel billet prices in China’s Tangshan market witnessed a sharp d-o-d fall of RMB 140/t ($22/t) on 15 Nov’21. Domestic billet prices stood at RMB 4,150/t ($650/t), inclusive of 13% VAT. According to data maintained with SteelMint, China’s SHFE rebar futures contract for Jan’22 delivery closed today at RMB 4,138/t ($648/t), a significant drop of…