Author: Nidhi Awasthi

Billet prices in Tangshan rose by RMB 40/t ($6/t) to RMB 2,830/t ($398/t) d-o-d on 11 Sep’24. Prices include 13% VAT. Positive market sentiment from rising finished steel prices and increasing rebar futures has provided support to billet prices. Meanwhile, SHFE rebar futures (Jan’25 delivery) increased by RMB 57/t ($8/t) to RMB 3,137/t ($441/t) d-o-d…