SteelMint

Category: Billet

  • China: Steel billet prices inch up by RMB 10/t ($1/t) d-o-d

    China: Steel billet prices inch up by RMB 10/t ($1/t) d-o-d

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    by

    Nidhi Awasthi
    in

    Billet prices in Tangshan inched up by RMB 10/t ($1/t) d-o-d to RMB 3,510/t ($486/t) on 7 May’24. Prices include 13% VAT. Increase in raw material prices, improvement in demand from mills and stability in finished steel prices have supported billet prices. However, SHFE rebar futures (Oct’24 delivery) decreased by RMB 12/t ($2/t) d-o-d to…