Tag: Chinese Domestic Billet price

China: Billet prices rebound on demand recovery, hike in rebar futures

Apr 12, 2022

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by

Vaibhav Dubey

in Billet

Steel billets prices in China’s Tangshan saw a recovery of RMB 30/t ($5/t) on 12 Apr’22 to reach RMB 4,760/t ($747/t), including 13% VAT on the lifting of the lockdown in Tangshan and resumption of production in some plants and a sharp hike in rebar futures. China’s SHFE re-bar futures contract for Oct’22 delivery closed…