Billet prices in Tangshan, China, rose RMB 40/ton ($6/t) to RMB 4,480/ton ($708/t) including 13% VAT on January 24, 2022. SHFE rebar futures contract for China's May 2022 delivery closed yesterday at RMB 4,665/t ($737/t) down RMB 46/ton ($7/t), according to foreign sources.
Billet prices rise despite decline in rebar futures
Billet prices in Tangshan, China rose $6 to $708/ton on January 24.
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