- Billet prices in Tangshan edged up d-o-d by RMB 20/t ($3/t) to RMB 3,390/t ($467/t) on 18 Jun’24. Prices include 13% VAT.
- Stability in finished steel prices and improvement in rebar futures have supported billet prices. However, low demand is still matter of concern.
- SHFE rebar futures (Oct’24 delivery) increased marginally d-o-d by RMB 5/t ($1/t) to RMB 3,618/t ($499/t) on 18 Jun’24 .
