China: Steel billet prices remain stable

  • Steel billet prices in China’s Tangshan were stable at RMB 2,930/t ($408/t) including 13% VAT, on 23 Jun’25 against 20 Jun.
  • Volatility in raw material, finished steel prices and rebar futures have weighed on billet prices.
  • SHFE rebar futures (Oct’25) held largely steady at RMB 2,995/t ($417/t) on 23 Jun’25 against 20 Jun’25.

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