China: Steel billet prices remain stable d-o-d
- Billet prices in Tangshan remained stable d-o-d at RMB 3,680/t ($515/t) on 27 Dec'23. Prices include 13% VAT.
- Positive market sentiments from finished steel and raw material have supported billet prices. Market will gain clarity post New Year holidays, as per sources.
- SHFE rebar futures (May'24 delivery) remained stable at RMB 4,023/t ($563/t), d-o-d.