China: Steel billet prices inch up by RMB 20/t ($2/t) d-o-d

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Steel billet prices in China’s Tangshan edged up by RMB 20/t ($2/t) d-o-d to RMB 3,060/t ($422/t) on 18 Feb’25. Prices include 13% VAT.
Stable raw material and finished steel prices and a rise in rebar futures supported billet tags.
SHFE rebar futures (May’25 delivery) increased by RMB 23/t ($3/t) d-o-d to RMB 3,313/t ($457/t) on 18 Feb’25.

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