- Domestic billets prices in China’s Tangshan fell by RMB 50/t ($7/t) to RMB 3,950/t ($574/t) today against 17 Mar’23, hitting a near one-month low level. Prices include 13% VAT.
- Falling rebars futures, and finished steel prices have pulled down billets prices.
- SHFE rebars futures for May’23 delivery closed today at RMB 4,194/t ($609/t), down RMB 68/t ($10/t) against 17 Mar’23.
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