SteelMint

China: Steel billet prices fall by RMB 30/t ($4/t) d-o-d

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by

Nikita Shukla
in
  • Billet prices in Tangshan inched down d-o-d by RMB 30/t ($4/t) at RMB 3,360/t ($463/t) on 20 Jun’24. Prices include 13% VAT.
  • Lower trades along with volatile rebar futures have weighed on billet prices.
  • SHFE rebar futures (Oct’24 delivery) decreased d-o-d by RMB 17/t ($2/t) to RMB 3,597/t ($495/t) on 20 Jun’24.