- Billet prices in Tangshan fell by RMB 70/t ($10/t) to RMB 3,340/t ($462/t) on 27 Mar’24 against 22 Mar’24. Prices include 13% VAT.
- Drop in raw materials, finished steel prices, rebar futures and low demand have put pressure on billet prices.
- SHFE rebar futures (May’24 delivery) sharply decreased by RMB 133/t ($18/t) to RMB 3,479/t ($481/t) on 27 Mar’24 against 22 Mar’24.
