Author: Nidhi Awasthi

Steel billet prices in China’s Tangshan dipped by RMB 20/t ($3/t) d-o-d to RMB 2,950/t ($402/t) on 8 Jan’25. Prices include 13% VAT. Weak demand led to rising inventories. This, coupled with volatility in finished steel prices and a drop in rebar futures, weighed on billet tags. Meanwhile, SHFE rebar futures (May’25 delivery) decreased by…