Author: Nidhi Awasthi

Steel billet prices in China’s Tangshan continued their downtrend, declining by RMB 10/t ($1/t) d-o-d to RMB 3,060/t ($430/t) on 24 Oct’24. Prices include 13% VAT. Drop in raw material prices, weak finished steel demand, and lower trades weighed on billet tags. SHFE rebar futures (Jan’25 delivery) remained largely stable at RMB 3,315/t ($466/t) on…