SteelMint

Tag: SHFE futures

  • China: Billet prices fall by RMB 30/t ($4/t) d-o-d

    China: Billet prices fall by RMB 30/t ($4/t) d-o-d

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    by

    Adarsh Sahu
    in

    Steel billet prices in China’s Tangshan fell by RMB 30/t ($4/t) d-o-d to RMB 2,970/t ($408/t) including 13% VAT on 24 Apr’25. Volatility in finished steel prices, coupled with fluctuations in rebar futures and demand, put downward pressure on billet prices. SHFE rebar futures (Oct’25) dipped d-o-d by RMB 31/t ($4/t) to 3,106/t ($426/t) on…