China: Steel billet prices fall by RMB 30/t ($4/t) post mid-Autumn holidays
- Billet prices in Tangshan fell post mid-Autumn festival by RMB 30/t ($4/t) to RMB 2,880/t ($407/t) on 18 Sep'24 against 13 Sep. Prices include 13% VAT.
- Lack of clarity in prices resulting in lower trades after holidays has weighed on billet prices.
- SHFE rebar futures (Jan'25 delivery) decreased by RMB 35/t ($5/t) to RMB 3,150/t ($445/t) on 18 Sep against 13 Sep.