China: Steel billet prices inch down by RMB 10/t ($1/t) d-o-d

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Billet prices in Tangshan inched down by RMB 10/t ($1/t) d-o-d to RMB 3,500/t ($486/t) on 5 Mar’24. Prices include 13% VAT.
Drop in rebar futures and slow demand have put pressure on billet prices.
SHFE rebar futures (May’24 delivery) dipped by RMB 39/t ($5/t) d-o-d to RMB 3,723/t ($517/t) on 5 Mar.