China: Billet prices rise sharply by RMB 60/t ($8/t) d-o-d

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Steel billet prices in Tangshan, China, surged by RMB 60/t ($8/t) d-o-d to RMB 3,000/t ($410/t) including 13% VAT on 23 Apr’25.
Billet tags remained supported due to an increase in finished steel prices and rebar futures, improved demand, and US-China tariff reduction signals.
SHFE rebar futures (Oct’25) rose by RMB 62/t ($8/t) d-o-d to 3,137/t ($429/t) on 23 Apr.

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