- Billet prices in Tangshan rose by RMB 20/t ($3/t) to RMB 3,430/t ($474/t) on 15 Apr’24 against 12 Apr. Prices include 13% VAT.
- Improved steel margins, lower inventory, increase in raw material and finished steel prices have kept billet prices supported.
- However, SHFE rebar futures (Oct’24 delivery) edged down by RMB 12/t ($2/t) to RMB 3,616/t ($500/t) on 15 Apr against 12 Apr.
