Author: Nidhi Awasthi

Billet prices in Tangshan edged up by RMB 10/t ($1/t) to RMB 2,870/t ($402/t) on 20 Aug’24 against 16 Aug’24. Prices include 13% VAT. Improvement in finished steel prices and rebar futures have supported billet prices. Fall in raw material prices is a matter of concern. SHFE rebar futures (Oct’24 delivery) increased sharply by RMB…