China: Steel billet prices remain stable d-o-d
- Billet prices in Tangshan remained stable d-o-d at RMB 3,630/t ($511/t) on 15 Dec'23. Prices includes 13% VAT.
- Lower demand amid winters, volatility in rebar futures and raw material prices continue to weigh on billet prices.
- SHFE rebar futures (May'24 delivery) dipped d-o-d by RMB 10/t ($1/t) to RMB 3,915/t ($551/t) today.