SteelMint

Category: Billet

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

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

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    by

    Nidhi Awasthi
    in

    Billet prices in Tangshan edged down d-o-d by RMB 20/t ($3/t) to RMB 3,430/t ($474/t) on 5 Jun’24. Prices include 13% VAT. Sluggish market sentiments from raw material, finished steel prices, volatile rebar futures, market participants in wait-and watch mode resulting in lower trades have weighed on the billet prices. SHFE rebar futures (Oct’24 delivery)…