SteelMint

Category: Billet

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

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

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    by

    Nidhi Awasthi
    in

    Billet prices in Tangshan fell by RMB 20/t ($3/t) d-o-d to RMB 3,480/t ($483/t) on 6 Mar’24. Prices include 13% VAT. Drop in finished steel prices, rebar futures and raw material prices owing to higher port inventory pressure have weighed on billet prices. SHFE rebar futures (May’24 delivery) dipped by RMB 11/t ($2/t) d-o-d to…