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

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Steel billet prices in China’s Tangshan inched up by RMB 10/t ($1/t) d-o-d to RMB 3,070/t ($421/t) on 24 Dec’24. Prices include 13% VAT.
A rise in raw material prices, finished steel tags, and rebar futures supported billet offers.
SHFE rebar futures (May’25 delivery) increased by RMB 24/t ($3/t) d-o-d to RMB 3,314/t ($454/t) on 24 Dec.

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