China: Tangshan billet prices drop by RMB 20/t ($3/t) d-o-d despite rise in futures

—

Billet prices in Tangshan fell by RMB 20/t ($3/t) to RMB 3,070/t ($432/t) on 18 Oct’24. Prices include 13% VAT.
Negative market sentiments, driven by raw material costs, sluggish finished steel sentiments along with a weak export market, has put pressure on billet prices.
SHFE rebar futures (Jan’25 delivery) increased d-o-d by RMB 36/t ($5/t) to RMB 3,336/t ($470/t) on 18 Oct’24.

Comments