Category: Billet

Billet prices in Tangshan remained stable for the second straight day at RMB 3,560/t ($492/t) on 24 May’24. Prices include 13% VAT. Bearish raw material and finished steel market sentiments along with weak demand in summers have weighed on domestic billet market. However, SHFE rebar futures (Oct’24 delivery) increased by RMB 13/t (2/t) d-o-d to…