- Billet prices in Tangshan remained stable d-o-d at RMB 3,410/t ($472/t) on 22 Mar’24. Prices include 13% VAT.
- Rise in raw materials and finished steel prices, stability in rebar futures and decreasing inventory pressure continued to support billet prices. However, demand from real estate sector is still on lower side.
- SHFE rebar futures (May’24 delivery) remained largely stable d-o-d at RMB 3,612/t ($500/t).
