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

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Steel billet prices in China’s Tangshan rose d-o-d by RMB 3,130/t ($431/t) on 21 Feb’25. Prices include 13% VAT.
Billet prices have remained supported by rising raw material and finished steel prices, declining inventory levels, and positive macroeconomic developments.
SHFE rebar futures (May’25 delivery) remained largely stable d-o-d at RMB 3,361/t ($463/t) on 21 Feb’25.

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