China: Steel billet prices rise further by RMB 50/t ($7/t) d-o-d
- Billet prices in Tangshan continue to rise d-o-d by RMB 50/t ($7/t) to RMB 2,980/t ($424/t) on 25 Sep'24. Prices include 13% VAT.
- Uptrends in raw material prices, finished steel, and rebar futures, along with positive macroeconomic news, have collectively contributed to the rise in billet prices.
- SHFE rebar futures (Jan'25 delivery) increased by RMB 8/t ($1/t) to RMB 3,225/t ($459/t) d-o-d.