- Billet prices in Tangshan remained stable d-o-d at RMB 3,550/t ($499/t) on 6 Feb’24. Prices include 13% VAT.
- Fall in raw material prices and lower trades ahead of Lunar New Year holidays have put pressure on billet prices.
- However, SHFE rebar futures (May’24 delivery) inched up d-o-d by RMB 3/t to 3,836/t ($540/t) on 6 Feb’24.
