Tag: steel billet price

China: Steel billet prices remain stable amid supportive market sentiments

Jan 29, 2024

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by

Nidhi Awasthi

in Billet

Billet prices in Tangshan remained stable at RMB 3,650/t ($508/t) on 29 Jan’24 against 25 Jan. Prices include 13% VAT. Hike in finished steel prices, stability in raw material and rebar futures have kept billet prices supported. SHFE rebar futures (May’24 delivery) remained largely stable at RMB 3,968/t ($553/t) on 29 Jan as against 25…