China: Steel billet prices remain stable d-o-d amid market uncertainity

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Steel billet prices in China’s Tangshan held firm d-o-d at RMB 3,080/t ($424/t), including 13% VAT.
Stability in raw material prices, coupled with a modest increase in finished steel prices, has provided support to billet prices. However, volatility in rebar futures remains a key concern.
SHFE rebar futures (May’25) dipped d-o-d by RMB 11/t ($2/t) to RMB 3,209/t ($442/t) on 26 Mar.

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