Category: Billet
-
China: Steel billet prices drop sharply by RMB 60/t ($8/t) d-o-d
Billet prices in Tangshan decreased significantly by RMB 60/t ($8/t) d-o-d to RMB 3,140/t ($435/t) on 25 Jul’24. Prices include 13% VAT. Sharp drop in rebar futures, finished steel prices and exchange rate (USD vs RMB) weighed on billet prices. Meanwhile, SHFE rebar futures (Oct’24 delivery) fell by RMB 62/t ($9/t) d-o-d to RMB 3,329/t…