SteelMint

Category: Billet

  • China: Steel billet prices decline by RMB 70/t ($10/t)

    China: Steel billet prices decline by RMB 70/t ($10/t)

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    by

    Nidhi Awasthi
    in

    Billet prices in Tangshan fell by RMB 70/t ($10/t) to RMB 3,340/t ($462/t) on 27 Mar’24 against 22 Mar’24. Prices include 13% VAT. Drop in raw materials, finished steel prices, rebar futures and low demand have put pressure on billet prices. SHFE rebar futures (May’24 delivery) sharply decreased by RMB 133/t ($18/t) to RMB 3,479/t…