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

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Steel billet prices in Tangshan, China, edged down by RMB 10/t ($1/t) d-o-d to RMB 2,960/t ($405/t), including 13% VAT, on 8 Apr’25.
Weaker raw material prices, a drop in rebar futures, and thinning margins pressured billet tags.
SHFE rebar futures (Oct’25) dropped by RMB 45/t ($6/t) d-o-d to RMB 3,101/t ($424/t) on 8 Apr’25.

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