Category: Billet
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China: Steel billet prices remain stable d-o-d
Billet prices in Tangshan remained stable at RMB 3,570/t ($503/t) on 1 Feb’24. Prices include 13% VAT. Stability in rebar futures and decent trades before Lunar holidays have kept billet prices supported. However, drop in raw material and finished steel prices is a matter of concern. Meanwhile, SHFE rebar futures (May’24 delivery) remained largely stable…