China: Steel billet prices drop by RMB 10/t ($1/t) d-o-d

—

Billet prices in Tangshan dropped d-o-d by RMB 10/t ($1/t) to RMB 3,280/t ($452/t) on 18 Jul’24. Prices include 13% VAT.
Lower inventory, fall in raw materials and finished steel prices have weighed on billet prices.
However, SHFE rebar futures (Oct’24 delivery) inched up d-o-d by RMB 5/t ($0.6/t) to RMB 3,492/t ($481/t) on 18 Jul’24.

Comments