SteelMint

China: Steel billet prices inch up by RMB 20/t ($3/t) d-o-d

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by

Nidhi Awasthi
in
  • Billet prices in Tangshan edged up d-o-d by RMB 20/t ($3/t) to RMB 3,470/t ($479/t) on 24 Apr’24. Prices include 13% VAT.
  • Positive market sentiments from finished steel and recovery in rebar futures supported billet prices.
  • Meanwhile, SHFE rebar futures (Oct’24 delivery) increased by RMB 40/t ($6/t) d-o-d to RMB 3,681/t ($508/t) on 24 Apr.