- Billet prices in Tangshan inched down d-o-d by RMB 20/t ($3/t) to RMB 3,450/t ($477/t) on 14 May’24 . Prices include 13% VAT.
- Volatility in raw material, finished steel prices, fall in rebar futures and lower demand have weighed on billet prices.
- Meanwhile, SHFE rebar futures (Oct’24 delivery) decreased d-o-d by RMB 56/t ($8/t) to RMB 3,630/t ($502/t) on 14 May’24.
