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) to RMB 2,830/t ($398/t) d-o-d on 11 Sep’24. Prices include 13% VAT.
Positive market sentiment from rising finished steel prices and increasing rebar futures has provided support to billet prices.
Meanwhile, SHFE rebar futures (Jan’25 delivery) increased by RMB 57/t ($8/t) to RMB 3,137/t ($441/t) d-o-d today.

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