- Billet prices in Tangshan inched down by RMB 40/t ($6/t) d-o-d to stand at RMB 3,570/t ($503/t) on 31 Jan’24. Prices include 13% VAT.
- Fall in rebar futures, raw materials and finished steel prices have weighed on the billet prices.
- SHFE rebar futures (May’24 delivery) has decreased by RMB 44/t ($6/t) d-o-d at RMB 3,869/t ($545/t) on 31 Jan’24.
