- Billet prices in Tangshan inched down by RMB 10/t ($1/t) d-o-d to RMB 3,460/t ($479/t) on 10 May’24. Prices include 13% VAT.
- Volatility in raw material, finished steel prices and falling rebar futures have weighed on billet prices.
- Meanwhile, SHFE rebar futures (Oct’24 delivery) marginally decreased by RMB 7/t ($1/t) d-o-d to RMB 3,662/t ($507/t) on 10 May’24.
