Category: Billet
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China: Steel billet prices remain stable d-o-d
Billet prices in Tangshan remained stable d-o-d at RMB 3,390/t ($467/t) on 19 Jun’24. Prices include 13% VAT. Slight improvement in trades amid decreasing port inventories has kept billet prices supported. Meanwhile, market participants await July’s economic meetings in order to gain clarity. SHFE rebar futures (Oct’24 delivery) decreased marginally d-o-d by RMB 4/t ($1/t)…