China: Steel billet prices fall by RMB 20/t ($3/t) on demand concerns

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Steel billet prices in China’s Tangshan fell by RMB 20/t ($3/t) to RMB 3,040/t ($420/t) on 17 Mar’25 against 13 Mar, including 13% VAT.
Declining rebar futures and sluggish demand for finished steel have put pressure on billet prices
SHFE rebar futures (May’25) decreased by RMB 39/t ($5/t) to RMB 3,217/t ($444/t) on 17 Mar against 13 March.

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