China: Steel billet prices hold stable d-o-d

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Steel billet prices in Tangshan, China, stood firm d-o-d at RMB 2,940/t ($410/t), including 13% VAT, on 3 Jul’25.
Billet prices remained firm, backed by stronger finished steel sales and news of production cuts, which would restrict supply.
SHFE rebar futures (Oct’25) inched up by RMB 11/t ($2/t) d-o-d to RMB 3,076/t ($429/t) on 3 Jul’25.

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