China: Steel billet prices fall RMB 10/t ($1/t) d-o-d amid slack demand

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Steel billet prices in China’s Tangshan slipped by RMB 10/t ($1/t) d-o-d to RMB 3,020/t ($418/t) on 19 Mar’25, including 13% VAT.
Prices remained under pressure amid muted demand, limited buying, volatile futures, and weak finished steel market sentiments.
SHFE rebar futures (May’25) decreased by RMB 29/t ($4/t) d-o-d to RMB 3,162/t ($437/t) on 19 Mar’25.

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