Author: Nidhi Awasthi

Steel billet prices in China’s rose d-o-d by RMB 30/t ($4/t) to RMB 3,090/t ($424/t) on 23 Jan’25. Prices include 13% VAT. Billet prices have found support from consistent steel prices, a surge in rebar futures, and pre-Lunar New Year restocking efforts. SHFE rebar futures (May’25 delivery) inched up d-o-d by RMB 15/t ($2/t) to…