SteelMint

Chinese billet prices drop RMB 30/t ($4/t) d-o-d

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by

Nidhi Awasthi
in
  • Billet prices in Tangshan fell d-o-d by RMB 30/t ($4/t) to RMB 3,480/t ($481/t) on 8 May’24. Prices include 13% VAT.
  • The decline in raw material prices, rebar futures and weak demand weighed on billet prices.
  • Meanwhile, SHFE rebar futures for Oct’24 decreased d-o-d by RMB 49/t ($7/t) to RMB 3,674/t ($508/t) on 8 May.