- Billet prices in Tangshan dipped by RMB 10/t ($1/t) to RMB 3,510/t ($488/t) on 4 Mar’24 against 1 Mar. Prices include 13% VAT.
- A downtrend in raw material offers along with lower finished steel demand led to a drop in billet prices.
- SHFE rebar futures (May’24 delivery) remained unchanged at RMB 3,762/t ($523/t) on 4 Mar compared with 1 Mar.
