Author: Nidhi Awasthi

China: Steel billet prices fall by RMB 20/t ($3/t) d-o-d

Oct 15, 2024

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by

Nidhi Awasthi

in Billet

Billet prices in Tangshan fell d-o-d by RMB 20/t ($3/t) to RMB 3,210/t ($451/t) on 15 Oct’24. Prices include 13% VAT. Lower trades and drop in rebar futures have weighed on billet prices. SHFE rebar futures (Jan’25 delivery) decreased d-o-d by RMB 35/t ($5/t) to RMB 3,467/t ($487/t) on 15 Oct’24.