China: Steel billet prices remain stable d-o-d

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Billet prices in Tangshan remained stable d-o-d at RMB 3,310/t ($455/t) on 2 Jul’24. Prices include 13% VAT.
Hike in finished steel and raw material prices along with stability in rebar futures have kept billet prices supported.
SHFE rebar futures (Oct’24 delivery) stood stable d-o-d at RMB 3,562/t ($490/t) on 2 Jul’24.

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