Category: Billet
-
China: Steel billet prices rise by RMB 40/t ($6/t) post-Labour Day holidays
Billet prices in Tangshan rose by RMB 40/t ($6/t) to RMB 3,500/t ($485/t) post-holidays on 6 May’24 against 30 Apr’24. Prices include 13% VAT. Positive finished steel market sentiments and hike in rebar futures have supported billet prices. However, trades are still on lower side. Meanwhile, SHFE rebar futures (Oct’24 delivery) increased sharply by RMB…