China: Billet prices in Tangshan drop by RMB 40/t ($6/t) d-o-d

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Steel billet prices in Tangshan, China fell by RMB 40/t ($6/t) d-o-d to RMB 2,900/t ($402/t), including 13% VAT, on 27 May’25.
Falling mill margins and weak rebar futures, driven by subdued demand, are dragging billet prices downward.
SHFE rebar futures (Oct’25) decreased by RMB 24/t ($3/t) d-o-d to RMB 2,980/t ($414/t) on 27 May against 26 May.

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