- Billet prices in Tangshan remained stable d-o-d at RMB 3,390/t ($467/t) on 19 Jun’24. Prices include 13% VAT.
- Slight improvement in trades amid decreasing port inventories has kept billet prices supported. Meanwhile, market participants await July’s economic meetings in order to gain clarity.
- SHFE rebar futures (Oct’24 delivery) decreased marginally d-o-d by RMB 4/t ($1/t) to RMB 3,614/t ($498/t) on 19 Jun’24.
