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

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Billet prices in Tangshan fell by RMB 20/t ($3/t) d-o-d to RMB 3,190/t ($448/t) on 16 Oct’24. Prices include 13% VAT.
Fluctuations in raw material prices and ongoing volatility in rebar futures continue to weigh on billet offers.
SHFE rebar futures (Jan’25 delivery) decreased by RMB 20/t ($3/t) d-o-d to RMB 3,447/t ($485/t) on 16 Oct’24.

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