China: Billet prices edge down by RMB 10/t ($1/t) in Tangshan

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Steel billet prices in Tangshan, China dipped by RMB 10/t ($1/t) to RMB 2,940/t ($408/t), including 13% VAT, on 26 May’25 against 23 May.
Softening iron ore prices, weakening finished steel market sentiment, and declining rebar futures exerted downward pressure on billet prices.
SHFE rebar futures (Oct’25) fell by RMB 42/t ($6/t) to RMB 3,004/t ($417/t) on 26 May against 23 May.

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