Tag: China domestic billet

China: Steel billet prices edge down by RMB 30/t ($4/t) d-o-d

Mar 8, 2024

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by

Nikita Shukla

in Billet

Billet prices in Tangshan dipped by RMB 30/t ($4/t) d-o-d to RMB 3,460/t ($481/t) on 8 Mar’24. Prices include 13% VAT. Volatility in finished steel prices and rebar futures continued to weigh on billet prices. SHFE rebar futures (May’24 delivery) decreased d-o-d by RMB 17/t ($2/t) to RMB 3,691/t ($513/t).