Author: Nidhi Awasthi

China: Tangshan billet prices drop by RMB 20/t ($3/t) d-o-d despite rise in futures

Oct 18, 2024

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by

Nidhi Awasthi

in Billet

Billet prices in Tangshan fell by RMB 20/t ($3/t) to RMB 3,070/t ($432/t) on 18 Oct’24. Prices include 13% VAT. Negative market sentiments, driven by raw material costs, sluggish finished steel sentiments along with a weak export market, has put pressure on billet prices. SHFE rebar futures (Jan’25 delivery) increased d-o-d by RMB 36/t ($5/t)…