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Tag: china steel billet

  • China: Steel billet prices edge up by RMB 20/t ($3/t) d-o-d

    China: Steel billet prices edge up by RMB 20/t ($3/t) d-o-d

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    by

    Nidhi Awasthi
    in

    Billet prices in Tangshan inched up by RMB 20/t ($3/t) d-o-d to RMB 3,620/t ($512/t) on 24 Jan’24. Prices include 13% VAT. Hike in rebar futures, raw material and finished steel prices and decreasing inventories amid active buying have supported billet prices. Meanwhile, SHFE rebar futures (May’24 delivery) increased by RMB 23/t ($3/t) d-o-d to…