China: Billet prices drop by RMB 30/t ($4/t) d-o-d

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Steel billet prices in Tangshan, China, fell by RMB 30/t ($4/t) d-o-d to RMB 2,940/t ($403/t), including 13% VAT, on 22 Apr’25.
The market softened, as steel output increased. Although inventories declined, sentiment was cautious amid the uncertainty in exports due to trade tensions.
SHFE rebar futures (Oct’25) inched down by RMB 38/t ($5/t) d-o-d to 3,075/t ($422/t) on 22 Apr’25.

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