SteelMint

China: Steel billet prices fall RMB 40/t ($6/t) on drop in futures

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by

Vaibhav Dubey
in
  • Billet prices in Tangshan fell by RMB 40/t ($6/t) to RMB 3,510/t ($488/t) on 26 Feb’24. Prices include 13% VAT.
  • Significant drop in rebar futures, weak finished steel market sentiments and sluggish demand have kept billet prices under pressure.
  • SHFE rebar futures (May’24 delivery) decreased by RMB 41/t ($6/t) to RMB 3,749/t ($521/t) on 26 Feb.