China: Steel billet prices fall by RMB 50/t ($7/t) d-o-d

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Steel billet prices in China’s Tangshan fell d-o-d by RMB 50/t ($7/t) to RMB 3,100/t ($426/t) on 13 Dec’24. Prices include 13% VAT.
Billet prices have been under pressure due to falling finished steel prices and rebar futures amid subdued demand.
Meanwhile, SHFE rebar futures (May’25 delivery) decreased d-o-d by RMB 68/t ($9/t) to RMB 3,360/t ($462/t) on 13 Dec.

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