Category: Billet
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China: Steel billet prices fall by RMB 60/t ($8/t) post-Dragon Boat holidays
Billet prices in Tangshan fell by RMB 60/t ($8/t) to RMB 3,370/t ($465/t) on 11 Jun’24 against 7 Jun’24. Prices include 13% VAT. Drop in finished steel prices, rebar futures, volatility in raw material market along with lower trades amid weak demand have weighed on billet prices. SHFE rebar futures (Oct’24 delivery) decreased by RMB…