China: Steel billet prices held firm d-o-d

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Steel billet prices in Tangshan, China, stood stable d-o-d at RMB 2,920/t ($407/t), including 13% VAT, on 9 Jul’25.
Stability in raw material prices have supported billet prices. However, demand is still on the lower side.
Meanwhile, SHFE rebar futures (Oct’25) held largely stable d-o-d at RMB 3,063/t (427/t) on 9 Jul’25.

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