SteelMint

China: Steel billet prices inch up RMB 10/t ($1/t) d-o-d

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by

Nikita Shukla
in
  • Billet prices in Tangshan edged up d-o-d by RMB 10/t ($1/t) to RMB 3,530/t ($493/t) on 21 May’24. Prices include 13% VAT.
  • Positive market sentiments from raw material, finished steel prices and rebar futures have supported the billet prices.
  • SHFE rebar futures (Oct’24 delivery) increased d-o-d by RMB 11/t ($2/t) to RMB 3,746/t ($523/t) on 21 May’24.