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

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Steel billet prices in China’s Tangshan dipped by RMB 30/t ($4/t) d-o-d to RMB 3,040/t ($416/t) on 11 Feb’25. Prices include 13% VAT.
Declining finished steel prices and rebar futures, driven by low demand and rising inventory levels, put pressure on billet tags.
SHFE rebar futures (May’25 delivery) decreased by RMB 56/t ($8/t) d-o-d to RMB 3,275/t ($448/t) on 11 Feb’25.

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