Tag: china billet prices

Steel billet prices in China’s Tangshan edged up by RMB 20/t ($3/t) to RMB 3,060/t ($419/t) on 23 Dec’24 against 20 Dec. Prices include 13% VAT. An increase in finished steel prices, rebar futures, and restocking activity before the Lunar New Year holidays supported billet tags. Meanwhile, SHFE rebar futures (May’25 delivery) rose RMB 11/t…