SteelMint

China: Billet prices rise by RMB 20/t (3/t) d-o-d despite decline in rebar futures

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by

Nidhi Awasthi
in
  • Billet prices in Tangshan rose by RMB 20/t ($3/t) d-o-d to RMB 3,550/t ($490/t) on 30 May’24. Prices include 13% VAT.
  • Improvement in raw material and finished steel prices have supported billet prices.
  • However, SHFE rebar futures (Oct’24 delivery) edged down d-o-d by RMB 16/t ($2/t) to RMB 3,737/t ($515/t).