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

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Steel billet prices in Tangshan, China fell d-o-d by RMB 30/t ($4/t) to RMB 2,890/t ($401/t), including 13% VAT, on 30 May’25.
Prices softened amid sluggish demand, weaker cost support from falling raw material tags, and muted export activity.
SHFE rebar futures (Oct’25) fell by RMB 17/t ($2/t) d-o-d to RMB 2,961/t ($411/t) on 30 May.

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