SteelMint

Category: Billet

  • China: Steel billet prices edge down by RMB 10/t ($1)

    China: Steel billet prices edge down by RMB 10/t ($1)

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    by

    Nidhi Awasthi
    in

    Billet prices in Tangshan dipped by RMB 10/t ($1/t) to RMB 3,510/t ($488/t) on 4 Mar’24 against 1 Mar. Prices include 13% VAT. A downtrend in raw material offers along with lower finished steel demand led to a drop in billet prices. SHFE rebar futures (May’24 delivery) remained unchanged at RMB 3,762/t ($523/t) on 4…