China: Steel billet prices remain stable d-o-d even as SHFE rebar futures slip

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Steel billet prices in China’s Tangshan remained flat d-o-d at RMB 3,100/t ($427/t) on 27 Feb’25. Prices include 13% VAT.
Prices remained firm amid improved finished steel trades, stable exports, and supportive raw materials sentiments.
SHFE rebar futures (May’25 delivery) dropped slightly by RMB 10/t ($1/t) d-o-d to RMB 3,329/t ($459/t) on 27 Feb.

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