SteelMint

Category: Billet

  • China: Steel billet prices fall by RMB 50/t ($7/t) d-o-d

    China: Steel billet prices fall by RMB 50/t ($7/t) d-o-d

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    by

    Nidhi Awasthi
    in

    Billet prices in Tangshan dipped by RMB 50/t ($7/t) d-o-d to RMB 3,410/t ($475/t) on 11 Mar’24 against 8 Mar’24. Prices include 13% VAT. Drop in finished steel prices, raw materials and rebar futures have continued to put pressure on billet prices. SHFE rebar futures (May’24 delivery) decreased sharply d-o-d by RMB 85/t ($12/t) to…