SteelMint

Tag: Chinese domestic billet prices

  • China: Domestic billet prices down, re-bar futures bounce back

    China: Domestic billet prices down, re-bar futures bounce back

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    by

    Vaibhav Dubey
    in

    Steel billet prices in China’s Tangshan market fell RMB 50/t ($8/t) on 27 Sep’21. Domestic billet prices are at RMB 5,190/t ($803/t), inclusive of 13% VAT. According to data maintained with SteelMint, China’s re-bar futures contract for Jan’22 delivery at the Shanghai Futures Exchange (SHFE) closed today at RMB 5,564/t ($861/t), witnessing a recovery of…