China: Steel billet prices drop by RMB 40/t ($6/t) d-o-d

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Steel billet prices in Tangshan, China, decreased by RMB 40/t ($6/t) d-o-d to RMB 2,890/t ($402/t), including 13% VAT, on 12 Jun’25.
Billet prices recorded a dip due to reduced production in the downstream sector and weakening domestic raw material tags.
SHFE rebar futures (Oct’25) inched down d-o-d by RMB 23/t ($3/t) to RMB 2,968/t ($413/t) on 12 Jun’25.

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