- Billets prices in China’s Tangshan rose by RMB 60/t ($9/t) d-o-d today to RMB 3,930/t ($571/t), hitting a seven-month high level. Prices are inclusive of 13% VAT.
- Strong demand, rising rebars futures, and finished steel prices continued to support billets prices.
- SHFE rebars futures for May’23 delivery closed today at RMB 4,254/t ($618/t), rising sharply by RMB 70/t ($10/t) d-o-d.
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