China: Steel billet prices fall by RMB 30/t ($4/t) d-o-d

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Steel billet prices in China fell by RMB 30/t ($4/t) d-o-d to RMB 3,060/t ($423/t) on 22 Jan’25. Prices include 13% VAT.
Slow trading activity and a drop in finished steel prices and rebar futures put pressure on billet tags.
SHFE rebar futures (May’25 delivery) decreased by RMB 17/t ($2/t) d-o-d to RMB 3337/t ($461/t) on 22 Jan’25.

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