SteelMint

China: Steel billet prices rise by RMB 30/t ($4/t) d-o-d

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by

Nidhi Awasthi
in
  • Billet prices in Tangshan rose d-o-d by RMB 30/t ($4/t) to RMB 3,490/t ($482/t) on 18 Apr’24. Prices include 13% VAT.
  • Increase in raw material, finished steel prices and lower inventories have kept billet prices supported.
  • Meanwhile, SHFE rebar futures (Oct’24 delivery) remained stable at RMB 3,682/t ($509/t) on 18 Apr’24.