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

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Billet prices in Tangshan edged up by RMB 20/t ($3/t) d-o-d to RMB 3,370/t ($464/t) on 4 Jul’24. Prices include 13% VAT.
Positive market sentiments from raw materials, finished steel and rebar futures have supported the billet prices.
SHFE rebar futures (Oct’24 delivery) remained largely stable at RMB 3,616/t ($497/t) on 4 Jul’24.

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