China: Steel billet prices edge up by RMB 20/t ($3/t) d-o-d

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Billet prices in Tangshan edged up d-o-d by RMB 20/t ($3/t) to RMB 3,150/t ($435/t) on 1 Aug’24. Prices include 13% VAT.
Positive sentiments from rebar futures and finished steel market have kept billet prices supported.
Meanwhile, SHFE rebar futures (Oct’24 delivery) increased d-o-d by RMB 29/t ($4/t) to RMB 3,355/t ($463/t) on 1 Aug’24.

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