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

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Steel billet prices in China’s Tangshan edged up by RMB 10/t ($1/t) d-o-d to RMB 3,050/t ($417/t) on 12 Feb’25. Prices include 13% VAT.
An improvement in rebar futures provided support to billet prices. However, the market lacks clarity post-CNY holidays, sources informed.
SHFE rebar futures (May’25 delivery) increased by RMB 17/t ($2/t) d-o-d to RMB 3,292/t ($450/t) on 12 Feb’25.

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