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

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Billet prices in Tangshan dipped d-o-d by RMB 10/t ($1/t) to RMB 3,270/t ($450/t) on 19 Jul’24. Prices include 13% VAT.
Volatility in raw material, finished steel prices and rebar futures have weighed on billet prices.
However, SHFE rebar futures (Oct’24 delivery) inched down d-o-d by RMB 13/t ($1/t) to RMB 3,479/t ($479/t) on 19 Jul’24.

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