- Billet prices in Tangshan remained stable d-o-d at RMB 3,550/t ($493/t) on 28 Feb’24. Prices include 13% VAT.
- Supportive market sentiments from raw materials and finished steel market have supported the billet prices. However, trades are yet to improve.
- SHFE rebar futures (May’24 delivery) decreased by RMB 14/t ($2/t) to RMB 3,810/t ($529/t) on 28 Feb.
