China: Steel billet prices inch down d-o-d amid market uncertainty

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Steel billet prices in Tangshan, China, dropped by RMB 10/t ($1/t) d-o-d to RMB 3,040/t ($418/t) on 5 Mar’25. Prices include 13% VAT.
Market sentiment was weak, as the government offered no strong policy support, while steel demand remained muted, and inventory trends were uncertain.
SHFE rebar futures (May’25 delivery) slipped by RMB 23/t ($3/t) d-o-d to RMB 3,259/t ($449/t) on 5 Mar.

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