- Billet prices in Tangshan dipped by RMB 50/t ($7/t) d-o-d to RMB 3,410/t ($475/t) on 11 Mar’24 against 8 Mar’24. Prices include 13% VAT.
- Drop in finished steel prices, raw materials and rebar futures have continued to put pressure on billet prices.
- SHFE rebar futures (May’24 delivery) decreased sharply d-o-d by RMB 85/t ($12/t) to RMB 3,606/t ($502/t) on 11 Mar’24 against 8 Mar’24.
