China: Steel billet prices rise by RMB 20/t ($3/t) d-o-d

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Steel billet prices in China’s Tangshan rose by RMB 20/t ($3/t) d-o-d to RMB 3,090/t ($426/t) on 26 Nov’24. Prices include 13% VAT.
An increase in raw material prices, finished steel offers, and rebar futures supported billet tags.
SHFE rebar futures (Jan’25 delivery) inched up by RMB 6/t ($1/t) d-o-d to RMB 3,303/t ($455/t) on 26 Nov’24.

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