China: Steel billet prices rise by RMB 30/t ($4/t) d-o-d

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Steel billet prices in China’s Tangshan rose by RMB 30/t ($4/t) d-o-d to RMB 3,000/t ($409/t) on 14 Jan’25. Prices include 13% VAT.
Increases in raw materials tags, finished steel prices, and rebar futures supported billet offers. However, trade volume is still low.
SHFE rebar futures (May’25 delivery) increased by RMB 36/t ($5/t) d-o-d to RMB 3,285/t ($448/t) on 14 Jan’25.

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