- Billet prices in Tangshan inched up d-o-d by RMB 10/t ($1/t) to RMB 3,410/t ($471/t) on 12 Apr’24. Prices include 13% VAT.
- Active restocking, supportive raw material, finished steel prices and rebar futures have continued to support billet prices.
- Meanwhile, SHFE rebar futures (Oct’24 delivery) increased d-o-d by RMB 15/t ($2/t) to RMB 3,628/t ($501/t) on 11 Apr’24.
