Category: Billet
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China: Steel billet prices rise by RMB 80/t ($11/t) after CNY holidays
Billet prices in Tangshan rose by RMB 80/t ($11/t) to RMB 3,630/t ($505/t) on 19 Feb’24 against 8 Feb’24. Prices include 13% VAT. Stability in raw material and finished steel prices has kept billet prices supported. However, sharp drop in futures has pressurized billet prices SHFE rebar futures (May’24 delivery) decreased by RMB 46/t ($6/t)…