Category: Billet
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China: Steel billet prices rebound by RMB 40/t ($6/t) d-o-d
Billet prices in Tangshan recovered by RMB 40/t ($6/t) d-o-d to RMB 3,300/t ($456/t) on 2 Apr’24 . Prices include 13% VAT. Improvement in finished steel prices and sharp increase in rebar futures for Oct’24 delivery have supported billet prices. SHFE rebar futures (Oct’24 delivery) were at RMB 3,688/t ($510/t) on 2 Apr’24.