- Billet prices in Tangshan remained stable d-o-d at RMB 3,560/t ($491/t) on 23 May’24. Prices include 13% VAT.
- Volatility in raw material, finished steel prices and rebar futures have weighed on billet prices.
- SHFE rebar futures (Oct’24 delivery) decreased by RMB 25/t (3/t) d-o-d to RMB 3,775/t ($521/t) on 23 May’24.
