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

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Billet prices in Tangshan dipped RMB 10/t ($1/t) d-o-d to RMB 3,470/t ($479/t) on 26 Apr’24. Prices include 13% VAT.
Fall in finished steel prices has weighed on billet prices.
However, SHFE rebar futures (Oct’24 delivery) inched up by RMB 16/t ($2/t) d-o-d to RMB 3,685/t ($509/t) on 26 Apr’24.