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

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Billet prices in Tangshan fell by RMB 20/t ($3/t) to RMB 2,800/t ($395/t) d-o-d on 5 Sep’24. Prices include 13% VAT.
Rising port inventory and drop in raw material, finished steel prices and rebar futures have weighed on billet prices.
Meanwhile, SHFE rebar futures (Jan’25 delivery) dipped by RMB 26/t ($4/t) to RMB 3,083/t ($435/t) on 5 Sep’24.

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