Author: Nidhi Awasthi

Billet prices in Tangshan fell by RMB 50/t ($7/t) to RMB 2,910/t ($409/t) on 2 Sep’24 against 30 Aug’24. Prices include 13% VAT. Slow demand, increasing port inventory along with drop in raw material prices and rebar futures have weighed on billet prices. Meanwhile, SHFE rebar futures (Oct’24 delivery) decreased by RMB 44/t ($6/t) to…