SteelMint

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

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by

Nidhi Awasthi
in
  • Billet prices in Tangshan inched up d-o-d by RMB 30/t ($4/t) to RMB 3,390/t ($471/t) on 20 Mar’24. Prices include 13% VAT.
  • Recovery in raw material prices and stability in rebar futures have supported billet prices.
  • SHFE rebar futures (May’24 delivery) remained largely stable d-o-d at RMB 3,570/t ($496/t) on 20 Mar’24.