SteelMint

Category: Billet

  • China: Steel billet prices remain stable d-o-d

    China: Steel billet prices remain stable d-o-d

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    by

    Nidhi Awasthi
    in

    Billet prices in Tangshan remained stable d-o-d at RMB 3,560/t ($491/t) on 23 May’24. Prices include 13% VAT. Volatility in raw material, finished steel prices and rebar futures have weighed on billet prices. SHFE rebar futures (Oct’24 delivery) decreased by RMB 25/t (3/t) d-o-d to RMB 3,775/t ($521/t) on 23 May’24.