- Billet prices in Tangshan rose by RMB 40/t ($6/t) d-o-d to RMB 3,460/t ($478/t) on 17 Apr’24. Prices include 13% VAT.
- Positive market sentiments from finished steel, rebar futures and better steel margins have supported billet prices.
- Meanwhile, SHFE rebar futures (Oct’24 delivery) increased by RMB 74/t ($10/t) d-o-d to RMB 3,682/t ($509/t) on 17 Apr’24.
