Author: Nidhi Awasthi

Steel billet prices in Tangshan continued to decline, dropping by RMB 50/t ($7/t) d-o-d to RMB 2,820/t ($396/t) on 4 Sep’24. Prices included 13% VAT. Declining raw material prices, finished steel prices, and rebar futures, along with bearish export and domestic market sentiments, weighed on billet prices. Meanwhile, SHFE rebar futures (Jan’25 delivery) decreased by…