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 3,400/t ($469/t) on 14 Jun’24. Prices include 13% VAT. Improvement in raw material prices, stability in finished steel prices and increase in rebar futures have supported billet prices. However, demand is still on lower side. SHFE rebar futures (Oct’24 delivery) increased d-o-d by RMB 16/t ($2/t)…