- Steel billet prices in Tangshan rose RMB 80/t ($11/t) d-o-d to RMB 3,140/t ($438/t) including 13% VAT; SHFE Oct’25 rebar futures surged RMB 81/t ($11/t) to RMB 3,309/t ($461/t).
- The rally was supported by bullish price momentum in other commodities, alongside expectations of output cuts in 8 provinces.
- Strong sentiment across raw materials and futures drove sharp gains in both local and export prices
China: Steel billet prices rise by RMB 80/t ($11/t) d-o-d
billet price rally China rebar futures China steel prices China: Steel billet prices rise by RMB 80/t ($11/t) d-o-d Chinese steel futures raw material prices China rebar futures surge SHFE rebar futures steel commodity market steel market news steel output cuts China steel price hike China Tangshan Billet Prices tangshan steel market
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