- Billet prices in Tangshan remained stable d-o-d at RMB 3,400/t ($469/t) on 14 Jun’24. Prices include 13% VAT.
- Improvement in raw material prices, stability in finished steel prices and increase in rebar futures have supported billet prices. However, demand is still on lower side.
- SHFE rebar futures (Oct’24 delivery) increased d-o-d by RMB 16/t ($2/t) to RMB 3,637/t ($501/t) on 14 Jun’24.
