- Billet prices in Tangshan edged up by RMB 10/t ($1/t) to RMB 3,470/t ($480/t) on 13 May’24 against 10 May’24. Prices include 13% VAT.
- Recovery in raw material prices and rebar futures as well as declining inventories have supported billet prices.
- Meanwhile, SHFE rebar futures (Oct’24 delivery) increased by RMB 24/t ($3/t) to RMB 3,686/t ($510/t) on 13 May’24 against 10 May’24.
