Category: Billet
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China: Steel billet prices edge down by RMB 10/t ($1/t) d-o-d
Billet prices in Tangshan inched down by RMB 10/t ($1/t) d-o-d to RMB 3,400/t ($473/t) on 13 Mar’24. Prices include 13% VAT. Volatility in rebar futures, sluggish trades leading to high inventory pressure and fall in finished steel prices continued to weigh on billet prices. SHFE rebar futures (May’24 delivery) fell significantly d-o-d by RMB…