China: Steel billet prices rise RMB 10/t ($1/t) d-o-d

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Steel billet price in Tangshan, China, edged up by RMB 10/t ($1/t) d-o-d to RMB 3,030/t ($419/t), including 13% VAT, on 20 Mar’25.
Drop in inventories, stability in finished steel prices and improvement in rebar futures have supported the billet prices.
SHFE rebar futures (May’25) inched up by RMB 14/t ($2/t) d-o-d to RMB 3,176/t ($439/t) on 20 Mar’25.

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