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China: Steel billets prices rise despite fall in rebar futures

China: Steel billets prices rise despite fall in rebar futures

Steel billets prices in China's Tangshan increased by RMB 20/t ($3/t) on 19 Apr'22 despite a significant fall in rebar futures. Prices stood at RMB 4,810/t ($753/t), inclusive of 13% VAT. According to data maintained with SteelMint, China's SHFE re-bar futures contract for Oct'22 delivery closed today at RMB 5,011/t ($784/t), witnessing a fall of RMB 52/t ($8/t), d-o-d.

Steelmint

Apr 20, 2022 11:42
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