China: Steel billet prices rebound by RMB 40/t ($6/t) d-o-d

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Billet prices in Tangshan improved by RMB 40/t ($6/t) d-o-d to RMB 3,180/t ($439/t) on 26 Jul’24. Prices include 13% VAT.
Recovery in rebar futures, finished steel and raw material prices have supported billet prices.
Meanwhile, SHFE rebar futures (Oct’24 delivery) increased by RMB 42/t ($6/t) d-o-d to RMB 3,329/t ($465/t) on 26 Jul’24.

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