SteelMint

China: Steel billet prices drop RMB 40/t ($6/t) d-o-d

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by

Nidhi Awasthi
in
  • Billet prices in Tangshan continue to fall d-o-d by RMB 40/t ($6/t) to RMB 3,300/t ($457/t) on 28 Mar’24. Prices include 13% VAT.
  • Volatility in raw material, finished steel prices and rebar futures have weighed on billet prices.
  • SHFE rebar futures (May’24 delivery) remained largely stable d-o-d at RMB 3,481/t ($482/t) today.