SteelMint

Category: Billet

  • Chinese billet prices fall by RMB 70/t (10/t) d-o-d

    Chinese billet prices fall by RMB 70/t (10/t) d-o-d

    —

    by

    Nidhi Awasthi
    in

    Billet prices in Tangshan fell by RMB 70/t ($10/t) d-o-d to RMB 3,440/t ($475/t) on 3 Jun’24 against 31 May. Prices include 13% VAT. Volatility in raw materials, finished steel prices, rebar futures and lower trades weighed on billet prices. Meanwhile, SHFE rebar futures (Oct’24 delivery) decreased by RMB 41/t ($6/t) d-o-d to RMB 3,665/t…