China: Tangshan billet prices hold firm d-o-d

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Steel billet prices in Tangshan, China, remained unchanged d-o-d at RMB 2,940/t ($408/t), including 13% VAT, on 22 May’25.
Billet prices were under pressure due to subdued demand, along with heightened volatility in finished steel prices and rebar futures.
Meanwhile, SHFE rebar futures (Oct’25) held stable d-o-d at RMB 3,061/t ($425/t) on 22 May’25.

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