SteelMint

Category: Billet

  • China: Steel billet prices drop by RMB 40/t ($5/t) d-o-d

    China: Steel billet prices drop by RMB 40/t ($5/t) d-o-d

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    by

    Nidhi Awasthi
    in

    Billet prices in Tangshan dropped by RMB 40/t ($5/t) d-o-d to RMB 3,330/t ($458/t) on 5 Jul’24. Prices include 13% VAT. Decline in finished steel prices, rebar futures and lower trades amid lack of demand have weighed on billet prices. SHFE rebar futures (Oct’24 delivery) fell by RMB 63/t ($9/t) d-o-d to RMB 3,553/t ($489/t)…