- Billet prices in Tangshan rose by RMB 30/t ($4/t) d-o-d to RMB 3,650/t ($515/t) on 25 Jan’24. Prices include 13% VAT.
- Rising rebar futures, raw material and finished steel prices along with active trades have kept billet prices supported.
- Meanwhile, SHFE rebar futures (May’24 delivery) increased by RMB 12/t ($2/t) d-o-d to RMB 3,967/t ($560/t) on 25 Jan’24.
