SteelMint

China: Steel billet prices rise by RMB 40/t ($6/t) d-o-d

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by

Nidhi Awasthi
in
  • Billet prices in Tangshan rose d-o-d by RMB 40/t ($6/t) to RMB 3,550/t ($493/t) on 27 Feb’24. Prices include 13% VAT.
  • Recovery in rebar futures and finished steel prices have supported billet prices.
  • SHFE rebar futures (May’24 delivery) increased by RMB 75/t ($10/t) to RMB 3,824/t ($531/t) on 27 Feb.