Tag: China steel billet prices

China: Steel billet prices inch up d-o-d amid recovery in rebar futures

Feb 21, 2024

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by

Nidhi Awasthi

in Billet

Billet prices in Tangshan improved d-o-d by RMB 10/t ($1/t) to RMB 3,550/t ($494/t) on 21 Feb’24. Prices include 13% VAT. Recovery in rebar futures has supported the billet prices. However, sharp fall in raw material prices is a mattern of concern. Meanwhile, SHFE rebar futures (May’24 delivery) rose d-o-d by RMB 38/t ($5/t) to…