China: Steel billet prices rise by RMB 10/t ($1/t) d-o-d
- Billet prices in Tangshan continued to rise, with a d-o-d increase of RMB 10/t ($1/t) to RMB 2,990/t ($426/t) on 26 Sep'24. Prices include 13% VAT.
- Bullish market sentiments across the raw material to finished steel segments, along with supportive futures, have kept billet prices firm.
- Meanwhile, SHFE rebar futures (Jan'25 delivery) surged by RMB 29/t ($4/t) d-o-d to RMB 3,254/t ($464/t) on 26 Sep.