China: Steel billet prices increase by RMB 20/t ($2/t) d-o-d

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Steel billet prices in China’s Tangshan edged up by RMB 20/t ($2/t) d-o-d to RMB 3,040/t ($417/t) on 14 Feb’25. Prices include 13% VAT.
An increase in finished steel prices, rebar futures lent support to billet tags, but fluctuations in demand remain a concern.
SHFE rebar futures (May’25 delivery) increased sharply by RMB 97/t ($13/t) d-o-d to RMB 3,362/t ($463/t) on 14 Feb’25.

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