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

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Steel billet prices in China’s Tangshan fell by RMB 30/t ($4/t) d-o-d to RMB 2,970/t ($408/t) including 13% VAT on 24 Apr’25.
Volatility in finished steel prices, coupled with fluctuations in rebar futures and demand, put downward pressure on billet prices.
SHFE rebar futures (Oct’25) dipped d-o-d by RMB 31/t ($4/t) to 3,106/t ($426/t) on 24 Apr.

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