Category: Billet
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China: Steel billet prices inch down d-o-d by RMB 10/t ($1/t)
Billet prices in Tangshan fell by RMB 10/t ($1/t) to RMB 3,520/t ($489/t) on 1 Mar’24. Prices include 13% VAT. Drop in rebar futures and weak market sentiments from finished steel and raw material along with lower trades have put pressure on billet prices. SHFE rebar futures (May’24 delivery) dipped by RMB 25/t ($3/t) to…