China: Steel billet prices fall by RMB 40/t ($5/t) d-o-d

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Steel billet prices in China’s Tangshan fell by RMB 40/t ($5/t) d-o-d to 3,050/t ($419/t) on 4 Mar’25. Prices include 13% VAT.
A decline in raw material tags, finished steel prices, and rebar futures weighed on billet offers.
SHFE rebar futures (May’25 delivery) decreased by RMB 14/t ($2/t) d-o-d to RMB 3,282/t ($451/t) on 4 Mar’25.

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