- Billet prices in Tangshan fell by RMB 20/t ($3/t) to RMB 3,470/t ($479t) on 22 Apr’24 against 19 Apr’24. Prices include 13% VAT.
- Drop in rebar futures has weighed on billet prices. Market participants expect that prices would gain clarity post-May holidays in the region.
- Meanwhile, SHFE rebar futures (Oct’24 delivery) decreased by RMB 5/t ($1/t) d-o-d to RMB 3,670/t ($507/t) on 22 Apr’24 against 19 Apr’24.
