China: Steel billet prices rise by RMB 50/t ($7/t) d-o-d

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Steel billet prices in China’s Tangshan increased by RMB 50/t ($7/t) d-o-d to 3,100/t ($428/t) on 26 Feb’25. Prices include 13% VAT.
Billet prices have remained supported due to improved mill margins, rising finished steel prices, and gains in steel futures.
SHFE rebar futures (May’25 delivery) increased sharply d-o-d by RMB 66/t ($9/t) to RMB 3,339/t ($461/t) on 26 Feb.

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