- Billet prices in Tangshan fell by RMB 10/t ($1/t) to RMB 3,520/t ($489/t) on 1 Mar’24. Prices include 13% VAT.
- Drop in rebar futures and weak market sentiments from finished steel and raw material along with lower trades have put pressure on billet prices.
- SHFE rebar futures (May’24 delivery) dipped by RMB 25/t ($3/t) to RMB 3,763/t ($523/t) on 1 Mar.
