China: Billet prices fall by RMB 50/t ($7/t) d-o-d

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Billet prices in China’s Tangshan fell sharply d-o-d by RMB 50/t ($7/t) to 3,050/t ($421/t) on 25 Feb’25. Prices include 13% VAT.
A decline in raw material and finished prices, along with falling rebar futures and reduced trading amid sluggish demand, put pressure on billet prices.
SHFE rebar futures (May’25 delivery) decreased d-o-d by RMB 67/t ($9/t) to RMB 3,273/t ($452/t) today.

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