Tag: Chinese Domestic Billet price

China: Steel billets prices edge up tracking sharp rise in rebar futures

Apr 20, 2022

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by

Vaibhav Dubey

in Billet

Steel billets prices in China’s Tangshan increased by RMB 20/t ($3/t) on 20 Apr’22 following a sharp rise in rebar futures. Prices stood at RMB 4,830/t ($753/t), inclusive of 13% VAT. According to data maintained with SteelMint, China’s SHFE re-bar futures contract for Oct’22 delivery closed today at RMB 5,106/t ($796/t), witnessing a sharp rise…