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

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Billet prices in Tangshan fell by RMB 10/t ($1/t) d-o-d to RMB 3,100/t ($432/t) on 7 Aug’24. Prices include 13% VAT.
Lower trades amid weak demand, drop in raw material and finished steel prices continued to weigh on billet prices.
SHFE rebar futures (Oct’24 delivery) remained largely stable d-o-d at RMB 3,304/t ($460/t) on 7 Aug’24.

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