- Steel billet prices in China’s Tangshan decreased by RMB 30/t ($4/t) to RMB 3,070/t ($427/t, including VAT), while SHFE Oct’25 rebar futures edged down by RMB 18/t ($3/t) to RMB 3,213/t ($447/t).
- Billet prices declined amid sluggish demand from mills due to steady raw material costs. Mills prioritised output cuts over raising prices of their products.
China: Steel billet prices drop RMB 30/t ($4/t) d-o-d on output curbs
billet price drop China billet market China rebar futures China steel prices China: Steel billet prices down RMB 30/t ($4/t) d-o-d on output curbs Chinese steel demand daily billet price China raw material costs China SHFE rebar futures steel industry news China steel market update steel output cuts Tangshan billet price
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