- Steel billet tags in China’s Tangshan held firm at RMB 2,950/t ($409/t), including 13% VAT, on 19 May’25 as against 16 May.
- The market witnessed limited movement as declining raw material costs, stable finished steel prices, and a dip in rebar futures reflected muted demand.
- SHFE rebar futures (Oct’25) dipped by RMB 13/t ($2/t) to RMB 3,069/t ($426/t) on 19 May against 16 May.
Leave a Reply