Author: Nidhi Awasthi
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China: Steel billet prices fall by RMB 30/t ($4/t) d-o-d
Billet prices in Tangshan fell by RMB 30/t ($4/t) to RMB 2,960/t ($418/t) d-o-d on 30 Aug’24. Prices include 13% VAT. Lower trade volumes along with drop in rebar futures have weighed on billet prices. Meanwhile, SHFE rebar futures (Oct’24 delivery) decreased by RMB 37/t ($5/t) to RMB 3,222/t ($455/t) d-o-d on 30 Aug’24.