- Billet prices in Tangshan rose by RMB 30/t ($4/t) d-o-d to RMB 3,360/t ($467/t) on 19 Mar’24. Prices include 13% VAT.
- Positive market sentiments from raw material, rebar futures and finished steel prices kept billet prices supported.
- SHFE rebar futures (May’24 delivery) increased sharply d-o-d by RMB 60/t ($8/t) to RMB 3,573/t ($496/t) on 19 Mar’24.
