Tag: China domestic billet prices
-
China: Domestic steel billet prices remain firm d-o-d
Billet prices in Tangshan remained firm for the fourth straight day at RMB 3,550/t ($499/t) on 8 Feb’24. Prices include 13% VAT. Stability in finished steel prices and weak market sentiment during Lunar New Year holidays has kept billet prices unmoved. However, SHFE rebar futures (May’24 delivery) inched up by RMB 14/t ($2/t) d-o-d to…