China: Steel billet prices inch up by RMB 10/t ($1/t) d-o-d
- Billet prices in Tangshan inched up by RMB 10/t ($1/t) d-o-d to RMB 3,620/t ($507/t) on 20 Dec'23. Prices include 13% VAT.
- Trades remained muted in the domestic market amid Christmas holidays. Slight increase in futures and stability in raw material prices supported billet prices.
- SHFE rebar futures (May'24 delivery) increased by RMB 15/t ($2/t) d-o-d to RMB 3,940/t ($552/t) today.