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

  • Billet prices in Tangshan remained stable d-o-d at RMB 3,300/t ($456/t) on 3 Apr’24 . Prices include 13% VAT.
  • Stability in raw materials, finished steel prices and production cut news have kept billet prices supported.
  • SHFE rebar futures (Oct’24 delivery) were at RMB 3,463/t ($479/t) on 3 Apr’24.