SteelMint

China: Steel billet prices edge down by RMB 10/t ($1/t) d-o-d

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by

Nidhi Awasthi
in
  • Billet prices in Tangshan inched down d-o-d by RMB 10/t ($1/t) to RMB 3,470/t ($480/t) on 9 May’24. Prices include 13% VAT.
  • Negative market sentiment from raw material and rebar futures weighed on billet prices.
  • Meanwhile, SHFE rebar futures (Oct’24 delivery) decreased d-o-d by RMB 5/t ($1/t) to RMB 3,669/t ($508/t) on 9 May’24.