- Billet prices in Tangshan remained stable d-o-d at RMB 3,550/t ($494/t) on 22 Feb’24. Prices include 13% VAT.
- Stability in finished steel prices and supportive rebar futures have kept billet prices supported. However, lower trades resulting in higher inventories is a matter of concern.
- Meanwhile, SHFE rebar futures (May’24 delivery) inched up d-o-d by RMB 6/t ($1/t) to 3,797/t ($528/t) on 22 Feb.
