- Billet prices in Tangshan inched down by RMB 10/t ($1/t) d-o-d to RMB 3,400/t ($473/t) on 13 Mar’24. Prices include 13% VAT.
- Volatility in rebar futures, sluggish trades leading to high inventory pressure and fall in finished steel prices continued to weigh on billet prices.
- SHFE rebar futures (May’24 delivery) fell significantly d-o-d by RMB 53/t ($7/t) to RMB 3,583/t ($498/t) on 13 Mar’24.
