Author: Nidhi Awasthi

China: Steel billet prices inch up by RMB 10/t ($1/t) d-o-d

Oct 11, 2024

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by

Nidhi Awasthi

in Billet

Billet prices in Tangshan edged up by RMB 10/t ($1/t) to RMB 3,200/t ($453/t) d-o-d on 11 Oct’24. Prices include 13% VAT. Improvement in rebar futures and demand supported billet prices. SHFE rebar futures (Jan’25 delivery) recovered by RMB 26/t ($4/t) to RMB 3,468/t ($491/t) d-o-d on 11 Oct’24.