China: Steel billet prices rise RMB 10/t ($1/t) d-o-d amid supportive market sentiments

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Steel billet prices in China’s Tangshan inched up by RMB 10/t ($1/t) d-o-d to RMB 3,040/t ($419/t) on 20 Mar’25 including 13% VAT.
Market sentiments remained in a tight balance with volatile futures, largely stable inventory, supportive raw material prices.
SHFE rebar futures (May’25) dipped by RMB 20/t ($3/t) d-o-d to RMB 3,156/t ($435/t) on 20 Mar’25.

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