- Billet prices in Tangshan fell d-o-d by RMB 20/t ($3/t) to RMB 3,430/t ($475/t) on 15 May’24. Prices include 13% VAT.
- Weak market sentiments from raw material, finished steel and falling rebar futures continued to weigh on billet prices.
- Meanwhile, SHFE rebar futures (Oct’24 delivery) decreased d-o-d by RMB 9/t ($1/t) to RMB 3,621/t ($501/t) on 15 May’24.
