SteelMint

Category: Billet

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

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

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    by

    Nidhi Awasthi
    in

    Billet prices in Tangshan fell by RMB 20/t ($3/t) to RMB 3,470/t ($479t) on 22 Apr’24 against 19 Apr’24. Prices include 13% VAT. Drop in rebar futures has weighed on billet prices. Market participants expect that prices would gain clarity post-May holidays in the region. Meanwhile, SHFE rebar futures (Oct’24 delivery) decreased by RMB 5/t…