China: Steel billet prices fall by RMB 30/t ($4/t) d-o-d

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Billet prices in Tangshan fell d-o-d by RMB 30/t ($4/t) to RMB 3,290/t ($453/t) on 17 Jul’24. Prices include 13% VAT.
Low demand along with decline in raw material, finished steel prices and rebar futures have weighed on billet prices.
SHFE rebar futures (Oct’24 delivery) decreased d-o-d by RMB 57/t ($8/t) to RMB 3,487/t ($480/t) on 17 Jul’24.

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