Author: Nidhi Awasthi

Billet prices in Tangshan fell by RMB 20/t ($3/t) to RMB 2,800/t ($395/t) d-o-d on 5 Sep’24. Prices include 13% VAT. Rising port inventory and drop in raw material, finished steel prices and rebar futures have weighed on billet prices. Meanwhile, SHFE rebar futures (Jan’25 delivery) dipped by RMB 26/t ($4/t) to RMB 3,083/t ($435/t)…