Author: Nidhi Awasthi

Steel billet prices in China’s Tangshan fell by RMB 30/t ($4/t) d-o-d to RMB 3,080/t ($424/t) on 5 Dec’24. Prices include 13% VAT. Billet prices were under pressure due to rising port inventories, subdued demand, and a decline in finished steel prices. Meanwhile, SHFE rebar futures (May’25 delivery) stood at RMB 3,341/t ($460/t) on 5…