SteelMint

China: Steel billet prices remain stable d-o-d despite drop in rebar futures

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by

Nikita Shukla
in
  • Billet prices in Tangshan remained stable d-o-d at RMB 2,990/tonne ($422/t) on 29 Aug’24. Prices include 13% VAT.
  • Stability in finished steel prices has supported billet prices.
  • Meanwhile, SHFE rebar futures (Oct’24 delivery) decreased by RMB 5/t ($1/t) to RMB 3,259/t ($459/t) d-o-d on 29 Aug’24.

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