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 inched up d-o-d by RMB 20/t ($3/t) to RMB 3,500/t ($484/t) on 17 May’24. Prices include 13% VAT.
  • Improvement in raw material, finished steel prices and rebar futures have supported billet prices.
  • Meanwhile, SHFE rebar futures (Oct’24 delivery) increased d-o-d by RMB 13/t ($2/t) to RMB 3,716/t ($514/t) on 16 May’24.