- Billet prices in Tangshan edged up d-o-d by RMB 20/t ($3/t) to RMB 3,390/t ($468/t) on 12 Jun’24. Prices include 13% VAT.
- Improvement in rebar futures kept billet prices supported. However, higher local inventories amid weak demand is a matter of concern.
- SHFE rebar futures (Oct’24 delivery) increased d-o-d by RMB 11/t ($2/t) to RMB 3,608/t ($498/t) on 12 Jun’24.
