- Billet prices in Tangshan rose by RMB 80/t ($11/t) to RMB 3,630/t ($505/t) on 19 Feb’24 against 8 Feb’24. Prices include 13% VAT.
- Stability in raw material and finished steel prices has kept billet prices supported. However, sharp drop in futures has pressurized billet prices
- SHFE rebar futures (May’24 delivery) decreased by RMB 46/t ($6/t) to 3,808/t ($529/t) on 19 Feb against 8 Feb’24.
