- Billet prices in Tangshan fell d-o-d by RMB 40/t ($6/t) to RMB 3,510/t ($494/t) on 31 May’24. Prices include 13% VAT.
- Decline in raw material prices, finished steel prices, and rebar futures have put pressure on billet prices.
- However, SHFE rebar futures (Oct’24 delivery) decreased d-o-d by RMB 31/t ($4/t) to RMB 3,706/t ($522/t) on 31 May’24.
