- Billet prices in Tangshan remained stable at RMB 3,550/t ($499/t) on 5 Feb’24 against 2 Feb’24. Prices include 13% VAT.
- Stability in finished steel prices and recovery in rebar futures have supported billet prices.
- Meanwhile, SHFE rebar futures (May’24 delivery) increased by RMB 8/t ($1/t) to 3,833/t ($539/t) on 5 Feb’24 against 2 Feb’24.
