China: Steel billet prices increase by RMB 50/t ($7/t) d-o-d

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Steel billet prices in China’s Tangshan increased by RMB 50/t ($7/t) d-o-d to RMB 3,110/t ($437/t) on 25 Oct’24. Prices include 13% VAT.
The rise in raw material tags, finished steel prices, and rebar futures supported billet offers.
SHFE rebar futures (Jan’25 delivery) increased by RMB 46/t ($6/t) d-o-d to RMB 3,376/t ($474/t) on 25 Oct’24.

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