The billet price in China's domestic market has shown a significant improvement. With an increase of one dollar per day, the billet price has increased to $471 per ton at the factory door. This price includes 13% value added tax.
The billet price in China's domestic market has shown a significant improvement. With an increase of one dollar per day, the billet price has increased to $471 per ton at the factory door. This price includes 13% value added tax. This price increase not only reflects the boom in China's domestic market, but also strengthens the support for the steel raw material market.
The increase in purchases and the growth of the raw material market have affected the price improvement of steel products. This increase in price is not only an advantage for steel producers but also helps them realize more profitability.
In addition, the price of imported billet to China is reported at $413 per ton of CFR, which shows that the global market is also experiencing booming demand for steel raw materials.
Also, in the Shanghai Stock Exchange, the price of the rebar contract for October delivery also improved and reached $501 per ton with a daily increase of $2, which shows the prosperity and establishment of high prices of steel products in the world market.
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