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

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Steel billet prices in China’s Tangshan rose by RMB 20/t ($2/t) d-o-d to RMB 3,050/t ($420/t) on 12 Mar’25, including 13% VAT.
A recovery in raw material prices and rebar futures and stability in finished steel offers supported billet tags.
SHFE rebar futures (May’25) inched up by RMB 17/t ($2/t) d-o-d to RMB 3,226/t ($444/t) on 12 Mar.

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