China: Steel billet prices inch up by RMB 10/t ($1/t)

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Billet prices in China’s Tangshan inched up by RMB 10/t ($1/t) to RMB 3,110/t ($427/t) on 16 Dec’24 against 13 Dec despite sluggish sentiments. Prices include 13% VAT.
Although prices have remained supported, volatility in futures and finished steel prices have put pressure on billet prices.
Meanwhile, SHFE rebar futures (May’25 delivery) remained largely stable at RMB 3,362/t ($462/t) on 16 Dec against 13 Dec.

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