- Billet prices in Tangshan fell by RMB 30/t ($4/t) to RMB 3,370/t ($464/t) on 17 Jun’24 against 14 June. Prices include 13% VAT.
- Decline in finished steel prices, volatile rebar futures, low demand leading to increased inventories weighed on billet prices.
- SHFE rebar futures (Oct’24 delivery) decreased by RMB 24/t ($3/t) to RMB 3,613/t ($498/t) on 17 Jun’24 against 14 June.
