- Billet prices in Tangshan improved d-o-d by RMB 10/t ($1/t) to RMB 3,550/t ($494/t) on 21 Feb’24. Prices include 13% VAT.
- Recovery in rebar futures has supported the billet prices. However, sharp fall in raw material prices is a mattern of concern.
- Meanwhile, SHFE rebar futures (May’24 delivery) rose d-o-d by RMB 38/t ($5/t) to 3,791/t ($527/t) on 21 Feb.
