- Billet prices in Tangshan inched up d-o-d by RMB 20/t ($3/t) to RMB 3,410/t ($474/t) on 21 Mar’24. Prices include 13% VAT.
- Rise in rebar futures, stability in finished steel prices along with recovery in demand have supported the billet prices.
- SHFE rebar futures (May’24 delivery) increased d-o-d by RMB 46/t ($6/t) to RMB 3,616/t ($502/t) on 21 Mar’24.
