China: Steel billet prices drop by RMB 20/t ($3/t) d-o-d

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Steel billet prices in Tangshan, China, fell by RMB 20/t ($3/t) d-o-d to RMB 2,950/t ($411/t), including 13% VAT, on 15 Jul’25.
Prices dropped as market sentiment stayed cautious, weighed down by muted housing demand, unstable raw material costs, and sluggish export activity.
SHFE rebar futures (Oct’25) slipped by RMB 24/t ($3/t) d-o-d to RMB 3,114/t ($434/t).

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