SteelMint

China: Steel billet prices fall by RMB 20/t ($3/t) d-o-d

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by

Nidhi Awasthi
in
  • Billet prices in Tangshan continued to drop d-o-d by RMB 20/t ($3/t) to RMB 3,280/t ($454/t) on 29 Mar’24. Prices include 13% VAT.
  • Falling rebar futures, finished steel prices and increasing port inventories continue to weigh on billet prices.
  • SHFE rebar futures (May’24 delivery) decreased d-o-d by RMB 69/t ($10/t) to RMB 3,412/t ($473/t) on 29 Mar’24.