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

—

Billet prices in China’s Tangshan dropped RMB 40/t ($6/t) d-o-d to RMB 3,080/t ($429/t, including VAT), with SHFE rebar (Oct’25) down RMB 50/t ($4/t) to RMB 3,222/t ($449/t).
Production is stable with healthy mill margins, local semi-finished rates eased by RMB 10-30, and port inventories remain around 144 mnt.
Export offers are firm but allocations favour domestic channels.

Comments