Author: Nidhi Awasthi
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China: Steel billet prices drop by RMB 20/t ($3/t) d-o-d
Billet prices in Tangshan fell by RMB 20/t ($3/t) d-o-d to RMB 3,190/t ($448/t) on 16 Oct’24. Prices include 13% VAT. Fluctuations in raw material prices and ongoing volatility in rebar futures continue to weigh on billet offers. SHFE rebar futures (Jan’25 delivery) decreased by RMB 20/t ($3/t) d-o-d to RMB 3,447/t ($485/t) on 16…