Tag: China domestic billet prices

Billet prices in China’s Tangshan inched up by RMB 10/t ($1/t) to RMB 3,110/t ($427/t) on 16 Dec’24 against 13 Dec despite sluggish sentiments. Prices include 13% VAT. Although prices have remained supported, volatility in futures and finished steel prices have put pressure on billet prices. Meanwhile, SHFE rebar futures (May’25 delivery) remained largely stable…