Author: Nidhi Awasthi

Steel billet prices in China’s Tangshan rose by RMB 30/t ($4/t) d-o-d to RMB 3,160/t ($441/t) on 7 Nov’24. Prices include 13% VAT. Stability in finished steel prices and a rise in rebar futures supported billet tags. However, demand is yet to improve. SHFE rebar futures (Jan’25 delivery) increased by RMB 44/t ($6/t) d-o-d to…