Intel Details

China: Steel billet prices rise sharply by RMB 100/t ($14/t) d-o-d

Semi Finished
24 Sep 2024, 18:20 IST
Steel Mint Intel

  • Billet prices in Tangshan rose significantly by RMB 100/t ($14/t) to RMB 2,930/t ($417/t) d-o-d on 24 Sep'24. Prices include 13% VAT.
  • Declining port inventories, increase in raw material prices, finished steel prices, rebar futures and supportive government policies have pushed billet prices northwards.
  • SHFE rebar futures (Jan'25 delivery) increased sharply by RMB 130/t ($18/t) to RMB 3,217/t ($457/t) d-o-d on 24 Sep.

24 Sep 2024, 18:20 IST
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