SteelMint

China: Steel billet prices rise by RMB 50/t ($7/t) d-o-d

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by

Nidhi Awasthi
in
  • Billet prices in Tangshan rose sharply d-o-d by RMB 50/t ($7/t) to RMB 3,480/t ($482/t) on 16 May’24. Prices include 13% VAT.
  • Recovery in finished steel prices and rebar futures have supported billet prices.
  • Meanwhile, SHFE rebar futures (Oct’24 delivery) increased d-o-d by RMB 82/t ($11/t) to RMB 3,703/t ($513/t) on 16 May’24.