- Billet prices in Tangshan fell by RMB 20/t ($3/t) d-o-d to RMB 3,550/t ($500/t) on 2 Feb’24. Prices include 13% VAT.
- Trades at lower rate, slow demand and dip in rebar futures have weighed on billet prices.
- Meanwhile, SHFE rebar futures (May’24 delivery) decreased by RMB 43/t ($6/t) d-o-d to 3,825/t ($539/t) on 2 Feb’24.
