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

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Billet prices in Tangshan inched down by RMB 10/t ($1/t) d-o-d to RMB 3,320/t ($461/t) on 16 Jul’24. Prices include 13% VAT.
Volatility in raw material, finished steel prices and rebar futures have weighed on billet prices.
SHFE rebar futures (Oct’24 delivery) decreased by RMB 7/t ($1/t) d-o-d to RMB 3,544/t ($492/t) on 16 Jul’24.

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