- Billet prices in Tangshan dropped d-o-d by RMB 20/t ($3/t) d-o-d to RMB 3,450/t ($476 t) on 23 Apr’24. Prices include 13% VAT.
- Increasing port inventories, weak demand of raw material and fall in rebar futures have weighed on billet prices.
- Meanwhile, SHFE rebar futures (Oct’24 delivery) decreased by RMB 29/t ($4/t) d-o-d to RMB 3,641/t ($502/t) on 23 Apr’24.
