- Billet prices in Tangshan fell by RMB 20/t ($3/t) d-o-d to RMB 3,480/t ($483/t) on 6 Mar’24. Prices include 13% VAT.
- Drop in finished steel prices, rebar futures and raw material prices owing to higher port inventory pressure have weighed on billet prices.
- SHFE rebar futures (May’24 delivery) dipped by RMB 11/t ($2/t) d-o-d to RMB 3,712/t ($516/t) on 6 March.
