- Billet prices in Tangshan inched up by RMB 10/t ($1/t) d-o-d to RMB 3,600/t ($507/t) on 23 Jan’24. Prices include 13% VAT.
- Hike in rebar futures and finished steel prices have supported billet prices. However, lower trades continue to persist before Chinese Lunar holidays.
- Meanwhile, SHFE rebar futures (May’24 delivery) increased by RMB 30/t ($4/t) d-o-d to RMB 3,932/t ($554/t) on 23 Jan’24.
