China: Steel billet prices inch down by RMB 10/t ($1/t) d-o-d

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Steel billet prices in China’s Tangshan edged down by RMB 10/t ($1/t) d-o-d to RMB 2,930/t ($400/t) on 10 Jan’25. Prices include 13% VAT.
With no clear policies or actions from banks, the lack of strong support signals for physical commodities led traders to suspend winter restocking. This pressured billet prices.
SHFE rebar futures (May’25 delivery) remained largely stable d-o-d at RMB 3,202/t ($437/t).

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