Author: Nidhi Awasthi

Steel billet prices in China’s Tangshan fell d-o-d by RMB 30/t ($4/t) to RMB 3,040/t ($416/t) on 27 Dec’24. Prices include 13% VAT. Weak demand, lack of encouragement from the policy front along with declining rebar futures and finished steel prices have led to a downturn in billet prices. SHFE rebar futures (May’25 delivery) decreased…