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

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Steel billet prices in China’s Tangshan edged up by RMB 10/t ($1/t) d-o-d to RMB 3,100/t ($430/t) on 13 Nov’24. Prices include 13% VAT.
Increased trading activity and stability in raw material and finished steel prices supported billet prices.
However, SHFE rebar futures (Jan’25 delivery) dipped by RMB 7/t ($1/t) d-o-d to RMB 3,337/t ($463/t) on 13 Nov’24.

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