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

  • Billet prices in Tangshan inched up by RMB 10/t ($1/t) d-o-d to RMB 3,440/t ($475/t) on 6 Jun’24. Prices include 13% VAT.
  • Recovery in rebar futures has supported billet prices.
  • SHFE rebar futures (Oct’24 delivery) increased d-o-d by RMB 33/t ($5/t) to RMB 3,665/t ($506/t) on 6 Jun’24.