China: Steel billet prices drop by RMB 20/t ($3/t) d-o-d

—

Billet prices in Tangshan dipped by RMB 20/t ($3/t) d-o-d to RMB 3,110/t ($435/t) on 6 Aug’24. Prices include 13% VAT.
Decline in finished steel prices and rebar futures have weighed on billet prices. However, trades have improved at lower offers.
Meanwhile, SHFE rebar futures (Oct’24 delivery) decreased sharply by RMB 61/t ($9/t) d-o-d to RMB 3,306/t ($463/t) on 6 Aug’24.

Comments