Author: Nidhi Awasthi

Steel billet tags in China’s Tangshan rose significantly by RMB 70/t ($10/t) to RMB 2,980/t ($412/t), including 13% VAT, on 12 May’25 against 9 May. An increase in raw material costs, rising finished steel prices and rebar futures, coupled with favourable macroeconomic conditions, pushed up billet tags. SHFE rebar futures (Oct’25) climbed up by RMB…