- Billet prices in Tangshan inched up by RMB 20/t ($3/t) d-o-d to RMB 3,620/t ($512/t) on 24 Jan’24. Prices include 13% VAT.
- Hike in rebar futures, raw material and finished steel prices and decreasing inventories amid active buying have supported billet prices.
- Meanwhile, SHFE rebar futures (May’24 delivery) increased by RMB 23/t ($3/t) d-o-d to RMB 3,955/t ($559/t) on 24 Jan’24.
