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

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Billet prices in Tangshan edged up d-o-d by RMB 10/t ($1/t) to RMB 3,300/t ($454/t) on 26 Jun’24. Prices include 13% VAT.
Improvement in raw material prices and rebar futures have supported billet prices.
SHFE rebar futures (Oct’24 delivery) increased d-o-d by RMB 31/t ($4/t) to RMB 3,563/t ($490/t) on 26 Jun’24.

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