China: Steel billet prices remain stable amid supportive market sentiments

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Steel billet prices in China’s Tangshan remained stable at RMB 3,040/t ($419/t) on 17 Feb’25 against 14 Feb. Prices include 13% VAT.
Stability in raw material, finished steel prices and rise in rebar futures have supported billet prices.
SHFE rebar futures (May’25 delivery) increased by RMB 28/t ($4/t) to RMB 3,290/t ($454/t) on 17 Feb against 14 Feb.

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