SteelMint

Category: Billet

  • China: Steel billet prices inch up by RMB 20/t ($3/t) d-o-d

    China: Steel billet prices inch up by RMB 20/t ($3/t) d-o-d

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    by

    Nidhi Awasthi
    in

    Billet prices in Tangshan edged up d-o-d by RMB 20/t ($3/t) to RMB 3,390/t ($467/t) on 18 Jun’24. Prices include 13% VAT. Stability in finished steel prices and improvement in rebar futures have supported billet prices. However, low demand is still matter of concern. SHFE rebar futures (Oct’24 delivery) increased marginally d-o-d by RMB 5/t…