Intel Details

China: Steel billet prices fall by RMB 20/t ($3/t) amid weak market sentiments

Semi Finished
11 Nov 2024, 18:34 IST
Steel Mint Intel

  • Steel billet prices in China's Tangshan fell by RMB 20/t ($3/t) to RMB 3,100/t ($431/t) on 11 Nov'24 against 8 Nov'24. Prices include 13% VAT.
  • A weak stimulus in China, combined with demand-supply imbalances, falling finished steel tags, and softening rebar futures, has put pressure on billet prices.
  • SHFE rebar futures (Jan'25 delivery) decreased by RMB 36/t ($5/t) to RMB 3,331/t ($463/t) on 11 Nov'24 against 8 Nov'24.

11 Nov 2024, 18:34 IST
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