Author: Nidhi Awasthi

Billet prices in Tangshan rose by RMB 70/t ($10/t) to RMB 2,970/t ($417/t) on 26 Aug’24 as against 23 Aug. Prices include 13% VAT. Recovery in rebar futures and finished steel market have supported billet prices. However, demand is yet to improve. SHFE rebar futures (Oct’24 delivery) increased sharply by RMB 110/t ($15/t) to RMB…