- Domestic billets prices in China’s Tangshan rose by RMB 60/t ($9/t) to RMB 4,030/t ($580/t) today against 7 Mar’23, hitting over an 8-month high level. Prices include 13% VAT.
- Improved demand, rising rebars futures, and high finished steel prices have supported billets prices.
- SHFE rebars futures for May’23 delivery closed today at RMB 4,314/t ($621/t), up RMB 66/t ($9/t) against 7 Mar’23.
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