Intel Details

China: Domestic billet prices plummet as rebar futures surge

Semi Finished
29 Jul 2021, 17:30 IST
Steel Mint Intel

Steel billet prices in China's Tangshan fell by RMB 20/t ($3/t) on 29 Jul'21. Prices of domestic billets were reported at RMB 5,240/t ($808/t), inclusive of 13% VAT. SteelMint notes that overall billet trading was somewhat weak. The most active Chinese rebar futures contract for Oct'21 delivery settled at RMB 5,753/t ($891/t), witnessing a sharp hike of RMB 95/t ($15/t).

29 Jul 2021, 17:30 IST
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