China: Steel billet prices rise by RMB 40/t ($6/t) d-o-d

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Billet prices in Tangshan rose by RMB 40/t ($6/t) d-o-d to RMB 3,300/t ($454/t) on 11 Jul’24. Prices include 13% VAT.
Improvement in rebar futures and stability in finished steel prices have supported billet prices.
SHFE rebar futures (Oct’24 delivery) increased by RMB 36/t ($5/t) d-o-d to RMB 3,514/t ($484/t) on 11 Jul’24.

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