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

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Steel billet prices in Tangshan, China declined by RMB 20/t ($3/t) d-o-d to RMB 2,910/t ($405/t) including 13% VAT, on 24 Jun’25.
Falling rebar futures and finished steel prices amid weak demand have put pressure on billet prices.
SHFE rebar futures (Oct’25) dipped by RMB 18/t ($3/t) d-o-d to RMB 2,977/t ($415/t) on 24 Jun’25 .

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