China: Steel billet prices hold stable d-o-d

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Steel billet prices in Tangshan, China, stood firm d-o-d at RMB 2,940/t ($410/t), including 13% VAT, on 4 Jul’25.
Fluctuations in raw material prices, finished steel tags, and rebar futures weighed on billet offers. However, billet prices ultimately remained stable d-o-d.
SHFE rebar futures (Oct’25) remained largely stable d-o-d at RMB 3,072/t ($429/t) on 4 Jul’25.

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