Author: Nidhi Awasthi
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China: Steel billet prices remain stable amid supportive market sentiments
Steel billet prices in China’s Tangshan remained stable at RMB 3,040/t ($419/t) on 17 Feb’25 against 14 Feb. Prices include 13% VAT. Stability in raw material, finished steel prices and rise in rebar futures have supported billet prices. SHFE rebar futures (May’25 delivery) increased by RMB 28/t ($4/t) to RMB 3,290/t ($454/t) on 17 Feb…