Author: Nidhi Awasthi

Steel billet prices in China’s Tangshan fell by RMB 20/t ($2/t) to RMB 3,150/t ($444/t) on 4 Nov’24 against 30 Oct’24. Prices include 13% VAT. Lower trades, declines in raw material and finished steel prices, and weaker rebar futures put downward pressure on billet tags. SHFE rebar futures (Jan’25 delivery) decreased by RMB 17/t ($2/t)…