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

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Steel billet prices in China’s Tangshan edged up d-o-d by RMB 10/t ($1/t) to RMB 3,140/t ($432/t) on 11 Dec’24. Prices include 13% VAT.
Billet prices have remained supported, thanks to stable raw material costs, an increase in finished steel prices, and a rise in rebar futures.
SHFE rebar futures (May’25 delivery) increased d-o-d by RMB 11/t ($2/t) to RMB 3,413/t ($470/t) on 11 Dec’24.

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