China-Billet-25Apr.

China: Billet prices rise by RMB 10/t ($1/t) d-o-d

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Steel billet prices in China’s Tangshan increased by RMB 10/t ($1/t) d-o-d to RMB 2,980/t ($409/t), including 13% VAT, on 25 Apr’25.
The rise in billet prices was backed by stable futures and falling inventories. Meanwhile, raw material prices softened.
SHFE rebar futures (Oct’25) remained largely stable d-o-d at 3,101/t ($426/t) on 25 Apr.

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