SteelMint

Category: Billet

  • China: Steel billet prices edge up by RMB 20/t ($3/t)

    China: Steel billet prices edge up by RMB 20/t ($3/t)

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    by

    Nidhi Awasthi
    in

    Billet prices in Tangshan inched up by RMB 20/t ($3/t) to RMB 3,520/t ($487/t) on 20 May’24 against 17 May’24. Prices include 13% VAT. Rise in raw materials prices, finished steel prices and rebar futures have supported billet prices. However, rising port inventories is a matter of concern with more cargoes on the way. SHFE…