SteelMint

Category: Billet

  • China: Steel billet prices fall by RMB 30/t ($4/t)

    China: Steel billet prices fall by RMB 30/t ($4/t)

    —

    by

    Nidhi Awasthi
    in

    Billet prices in Tangshan fell by RMB 30/t ($4/t) to RMB 3,370/t ($464/t) on 17 Jun’24 against 14 June. Prices include 13% VAT. Decline in finished steel prices, volatile rebar futures, low demand leading to increased inventories weighed on billet prices. SHFE rebar futures (Oct’24 delivery) decreased by RMB 24/t ($3/t) to RMB 3,613/t ($498/t)…