China: Steel billet prices remain stable d-o-d

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Steel billet prices in China’s remained unchanged d-o-d at RMB 3,090/t ($422/t) on 21 Jan’25. Prices include 13% VAT.
Stability in raw material prices, rebar futures and finished steel prices have supported billet prices.
SHFE rebar futures (May’25 delivery) remained stable d-o-d at RMB 3,354/t ($459/t) on 21 Jan.

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