Category: Billet
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China: Steel billet prices inch up by RMB 10/t ($1/t) despite fall in rebar futures
Billet prices in Tangshan edged up by RMB 10/t ($1/t) d-o-d to RMB 3,550/t ($490/t) on 28 May’24. Prices include 13% VAT. Improvement in finished steel prices has supported billet prices. However, volatility in raw material prices and rebar futures, weak demand continued to remain a matter of concern. However, SHFE rebar futures (Oct’24 delivery)…