China: Steel billet prices fall by RMB 30/t ($4/t) d-o-d

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Steel billet prices in China’s Tangshan fell by RMB 30/t ($4/t) d-o-d to RMB 3,080/t ($424/t) on 5 Dec’24. Prices include 13% VAT.
Billet prices were under pressure due to rising port inventories, subdued demand, and a decline in finished steel prices.
Meanwhile, SHFE rebar futures (May’25 delivery) stood at RMB 3,341/t ($460/t) on 5 Dec’24.

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