China: Steel billet prices remain firm d-o-d

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Steel billet tags in China’s Tangshan remained stable d-o-d at RMB 2,990/t ($415/t), including 13% VAT, on 15 May’25.
Prices were supported by strengthening finished steel tags, increasing raw material costs, and steady demand for downstream products.
SHFE rebar futures (Oct’25) fell marginally by RMB 9/t ($1/t) d-o-d to RMB 3,118/t ($433/t) on 15 May’25.

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