Author: Nidhi Awasthi

Steel billet prices in China’s Tangshan remained firm d-o-d at RMB 3,040/t ($417/t) on 20 Dec’24. Prices include 13% VAT. Stability in finished steel prices, coupled with a decline in raw material costs, fluctuations in rebar futures, and rising port inventories, exerted pressure on billet tags. Meanwhile, SHFE rebar futures (May’25 delivery) decreased by RMB…