China: Steel billet prices edge down by RMB 10/t ($1/t) d-o-d

• Steel billet prices in China's Tangshan inched down by RMB 10/t ($1/t) d-o-d to RMB 3,090/t ($427/t) on 14 Nov'24. Prices include 13% VAT.
• Fluctuations in raw material costs, finished steel prices, and rebar futures weighed on billet tags.
• Meanwhile, SHFE rebar futures (Jan'25 delivery) decreased by RMB 24/t ($1/t) d-o-d to RMB 3,313/t ($457/t) on 14 Nov'24.