Author: Nidhi Awasthi

Billet prices in Tangshan fell by RMB 40/t ($6/t) to RMB 2,860/t ($399/t) on 16 Aug’24 against 14 Aug. Prices include 13% VAT. Drop in finished steel prices, rise in inventory levels due to low demand have weighed on billet prices. SHFE rebar futures (Oct’24 delivery) decreased by RMB 21/t ($3/t) to RMB 3,078/t ($430/t)…