Tag: Chinese domestic billet prices fall significantly by $26/t

Domestic billet prices in China recorded a significant fall of RMB 170/t ($26) d-o-d on 20 May ’21 owing to further decline in rebar futures. The prices of commonly traded Q235 billet (150mm diameter) were reported at RMB 5,300/t ($824/t) in Tangshan, including 13% VAT. SteelMint notes that the billet transactions were moderate as finished…