Tag: Chinese domestic billet prices surge by RMB 140 ($22) after holidays

Chinese domestic billet prices have increased significantly after the Labour holidays and have opened with a hike of RMB 140 ($22) at RMB 5,130/t ($792/t) ex Tangshan including 13% VAT. The price rise was amid increased SHFE rebar futures, which rose by RMB 274 ($42) and today closed at RMB 5,665/t ($875/t). However, the overall…