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Tag: China steel billet import

  • China: Steel billet prices fall by RMB 50/t ($7/t) d-o-d

    China: Steel billet prices fall by RMB 50/t ($7/t) d-o-d

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    by

    Nidhi Awasthi
    in

    Steel billet prices in China’s Tangshan fell d-o-d by RMB 50/t ($7/t) to RMB 3,060/t ($422/t) on 22 Nov’24. Prices include 13% VAT. Rising portside inventories, declining rebar futures, and fluctuations in finished steel prices are driving billet prices downward. Meanwhile, SHFE rebar futures (Jan’25 delivery) decreased by RMB 55/t ($8/t) to RMB 3,277/t ($452/t)…