Tag: Chinese Domestic Billet price

Steel billet prices in China’s Tangshan decreased by RMB 40/t ($6/t) on 18 May following a sharp fall in rebar futures. Prices stood at RMB 4,520/t ($670/t), inclusive of 13% VAT. According to data maintained with SteelMint, China’s SHFE re-bar futures contract for October delivery closed today at RMB 4,532/t ($691/t), witnessing a sharp fall…