Tag: China Billet
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China: Steel billet prices remain stable d-o-d
Billet prices in Tangshan remained stable d-o-d at RMB 3,550/t ($494/t) on 22 Feb’24. Prices include 13% VAT. Stability in finished steel prices and supportive rebar futures have kept billet prices supported. However, lower trades resulting in higher inventories is a matter of concern. Meanwhile, SHFE rebar futures (May’24 delivery) inched up d-o-d by RMB…