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

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Steel billet prices in Tangshan, China, increased by RMB 30/t ($4/t) d-o-d to RMB 2,940/t ($410/t), including 13% VAT, on 2 Jul’25.
Billet prices saw a modest rise, driven by positive policy signals and news of production curbs, which would help restrict supply.
SHFE rebar futures (Oct’25) inched up by RMB 62/t ($9/t) d-o-d to RMB 3,065/t ($428/t) on 2 Jul’25.

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