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

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Steel billet prices in China’s Tangshan dipped by RMB 10/t ($1/t) d-o-d to RMB 3,070/t ($431/t) on 23 Oct’24. Prices include 13% VAT.
Fall in raw material prices, weak finished steel sentiments, and volatile rebar futures weighed on billet tags.
SHFE rebar futures (Jan’25 delivery) decreased by RMB 33/t ($5/t) d-o-d to RMB 3,316/t ($465/t) on 23 Oct’24.

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