Tag: china billet prices

Billet prices in Tangshan inched up by RMB 10/t ($1/t) d-o-d to RMB 3,450/t ($476/t) on 4 Jun’24. Prices include 13% VAT. Significant decline in raw material prices, weak finished steel market sentiments, sluggish demand put pressure on billet prices. SHFE rebar futures (Oct’24 delivery) decreased d-o-d by RMB 19/t ($3/t) to RMB 3,646/t ($503/t)…