China: Steel billet prices edge up by RMB 10/t ($1/t)

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Steel billet prices in China’s Tangshan rose by RMB 10/t ($1/t) to RMB 3,070/t ($424/t) on 25 Nov’24 against 22 Nov’24. Prices include 13% VAT.
An improvement in rebar futures supported billet prices. SHFE rebar futures (Jan’25 delivery) inched up by RMB 20/t ($3/t) to RMB 3,297/t ($455/t) on 25 Nov’24 against 22 Nov’24.

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