- Steel billet prices in Tangshan, China, increased by RMB 50/t ($7/t) to RMB 3,060/t ($426/t), including 13% VAT, on 21 Jul’25 driven by improved sentiment, talk of output cuts.
- HRC futures are nearing a one-year high which led mills to hike finished offers by RMB 30-50/t.
- SHFE Oct’25 rebar futures rose by RMB 61/t ($9/t) from last Friday to settle at RMB 3,228/t ($450/t).
China: Steel billet prices rise by RMB 50/t ($7/t)
China Billet Price China steel news China: Steel billet prices rise by RMB 50/t ($7/t) Chinese mills price hike Chinese steel market Finished steel prices HRC futures China raw material cost impact rebar futures prices SHFE rebar futures Steel Billet Prices steel market update steel output cuts China steel prices July 2025 Tangshan billet trends tangshan steel market
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