China: Steel billet prices rise further by RMB 20/t ($3/t) d-o-d

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Steel billet prices in China’s Tangshan region continued their uptrend, rising by RMB 20/t ($3/t) d-o-d to RMB 2,910/t ($410/t) on 13 Sep’24. Prices include 13% VAT.
Increasing demand, raw material and finished steel prices, and rebar futures have supported billet prices.
Meanwhile, SHFE rebar futures (Jan’25 delivery) rose by RMB 48/t ($7/t) d-o-d to RMB 3,185/t ($449/t) on 13 Sep’24.

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