China: Steel billet prices increase by RMB 30/t ($4/t) d-o-d

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Steel billet prices in China’s Tangshan rose RMB 30/t ($4/t) d-o-d to RMB 3,130/t ($431/t) on 10 Dec’24. Prices include 13% VAT.
Improved trading activity, rising raw material and finished steel prices, and strong rebar futures lifted billet prices.
Meanwhile, SHFE rebar futures (May’25 delivery) increased by RMB 72/t ($10/t) d-o-d to RMB 3,402/t ($469/t) on 10 Dec’24.

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