Tag: China domestic billet price

Steel billet prices in China’s Tangshan fell by RMB 30/t ($4/t) d-o-d to RMB 3,010/t ($411/t) on 3 Jan’25. Prices include 13% VAT. Rising inventories amid weak buying interest, volatile rebar futures, and sluggish finished steel market sentiments weighed on billet prices. Meanwhile, SHFE rebar futures (May’25 delivery) decreased by RMB 34/t ($5/t) d-o-d to…