China: Steel billet prices remain stable d-o-d
- Steel billet prices in China's Tangshan remained firm d-o-d at RMB 3,040/t ($417/t) on 20 Dec'24. Prices include 13% VAT.
- Stability in finished steel prices, coupled with a decline in raw material costs, fluctuations in rebar futures, and rising port inventories, exerted pressure on billet tags.
- Meanwhile, SHFE rebar futures (May'25 delivery) decreased by RMB 8/t ($1/t) d-o-d to RMB 3,279/t ($449/t) on 20 Dec.