Author: Nidhi Awasthi

Billet prices in Tangshan dropped sharply by RMB 70/t ($10/t) d-o-d to RMB 2,900/t ($405/t) on 14 Aug’24. Prices include 13% VAT. Weak demand, raw material prices falling to Apr’24 levels and volatility in finished steel prices have weighed on billet prices. SHFE rebar futures (Oct’24 delivery) decreased by RMB 74/t ($10/t) d-o-d to RMB…