- Billet prices in Tangshan inched up by RMB 10/t ($1/t) d-o-d to RMB 3,510/t ($486/t) on 7 May’24. Prices include 13% VAT.
- Increase in raw material prices, improvement in demand from mills and stability in finished steel prices have supported billet prices.
- However, SHFE rebar futures (Oct’24 delivery) decreased by RMB 12/t ($2/t) d-o-d to RMB 3,723/t ($516/t) on 7 May’24.
