- Billet prices in Tangshan edged down d-o-d by RMB 20/t ($3/t) to RMB 3,430/t ($474/t) on 5 Jun’24. Prices include 13% VAT.
- Sluggish market sentiments from raw material, finished steel prices, volatile rebar futures, market participants in wait-and watch mode resulting in lower trades have weighed on the billet prices.
- SHFE rebar futures (Oct’24 delivery) decreased d-o-d by RMB 14/t ($2/t) to RMB 3,632/t ($501/t) on 5 Jun’24.
