SteelMint

Category: Billet

  • China: Steel billet prices drop by RMB 40/t ($6/t) d-o-d

    China: Steel billet prices drop by RMB 40/t ($6/t) d-o-d

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    by

    Nidhi Awasthi
    in

    Billet prices in Tangshan fell d-o-d by RMB 40/t ($6/t) to RMB 3,510/t ($494/t) on 31 May’24. Prices include 13% VAT. Decline in raw material prices, finished steel prices, and rebar futures have put pressure on billet prices. However, SHFE rebar futures (Oct’24 delivery) decreased d-o-d by RMB 31/t ($4/t) to RMB 3,706/t ($522/t) on…