Author: Nidhi Awasthi

Steel billet prices in Tangshan, China dipped by RMB 10/t ($1/t) to RMB 2,940/t ($408/t), including 13% VAT, on 26 May’25 against 23 May. Softening iron ore prices, weakening finished steel market sentiment, and declining rebar futures exerted downward pressure on billet prices. SHFE rebar futures (Oct’25) fell by RMB 42/t ($6/t) to RMB 3,004/t…