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

—

Steel billet prices in Tangshan, China, fell by RMB 20/t ($3/t) d-o-d to RMB 2,940/t ($401/t), including 13% VAT, on 9 Apr’25.
Weaker raw material tags, lower finished steel prices, volatile futures, and tariff concerns pressured billet offers.
SHFE rebar futures (Oct’25) decreased by RMB 13/t ($2/t) d-o-d to RMB 3,088/t ($421/t) on 9 Apr’25.

Comments