- Billet prices in Tangshan fell by RMB 60/t ($8/t) to RMB 3,370/t ($465/t) on 11 Jun’24 against 7 Jun’24. Prices include 13% VAT.
- Drop in finished steel prices, rebar futures, volatility in raw material market along with lower trades amid weak demand have weighed on billet prices.
- SHFE rebar futures (Oct’24 delivery) decreased by RMB 58/t ($8/t) to RMB 3,597/t ($496/t) on 11 Jun’24 against 7 Jun’24.
