Intel Details

China: Domestic billet prices fall by RMB 20/t ($3/t)

Semi Finished
16 Aug 2021, 14:22 IST
Steel Mint Intel

Steel billet prices in China's Tangshan dropped by RMB 20/t ($3/t) on 16 Aug'21. Domestic billet prices stood at RMB 5,090/t ($786/t), inclusive of 13% VAT. The sharp decline in re-bar futures today resulted in some correction in domestic steel prices. According to data maintained with SteelMint, China's re-bar futures contract for Jan'22 delivery stood at RMB 5,328/t ($822/t) on 16 Aug'21, witnessing a sharp decline of RMB 154/t ($24/t) against the last closing on 13 Aug'21.

16 Aug 2021, 14:22 IST
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