China: Steel billet prices rise by RMB 30/t ($4/t) d-o-d

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Steel billet prices in Tangshan, China, rose by RMB 30/t ($4/t) d-o-d to RMB 2,950/t ($411/t), including 13% VAT, on 10 Jul’25.
Billet prices rose due to firm support from raw material tags, rising rebar futures, and stronger sales.
Meanwhile, SHFE rebar futures (Oct’25) increased sharply by RMB 60/t ($8/t) d-o-d to RMB 3,123/t (435/t) on 10 Jul’25.

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