China: Steel billet prices drop by RMB 30/t ($4/t)

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Steel billet prices in Tangshan, China, declined by RMB 30/t ($4/t) to RMB 3,030/t ($418/t), including 13% VAT, on 31 Mar’25 against 28 Mar.
Falling raw material tags, finished steel prices, and rebar futures weighed on billet offers.
SHFE rebar futures (May’25) fell by RMB 38/t ($5/t) d-o-d to RMB 3,159/t ($435/t) on 31 Mar against 28 Mar.

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