Author: Nidhi Awasthi
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China: Steel billet prices rise by RMB 70/t ($10/t) d-o-d
Billet prices in Tangshan rose by RMB 70/t ($10/t) d-o-d to RMB 2,940/t ($412/t) on 21 Aug’24. Prices include 13% VAT. Increase in raw material, finished steel prices, rebar futures along with improved trades have supported billet prices . SHFE rebar futures (Oct’24 delivery) increased by RMB 63/t ($9/t) d-o-d to RMB 3,235/t ($453/t) on…