- Billet prices in Tangshan remained stable d-o-d at RMB 3,410/t ($475/t) on 12 Mar’24. Prices include 13% VAT.
- Weak market sentiment from raw material and finished steel has weighed on billet prices.
- SHFE rebar futures (May’24 delivery) inched up d-o-d by RMB 30/t ($4/t) to RMB 3,636/t ($507/t) on 12 Mar’24.
