China: Steel billet prices up by RMB 20/t ($3/t) d-o-d

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Steel billet prices in Tangshan, China rose d-o-d by RMB 20/t ($3/t) to RMB 3,050/t ($420/t) on 1 Apr’25, including 13% VAT.
Firm raw material prices, coupled with sustained demand for finished steel and strong mill outputs, have positively influenced billet prices.
SHFE rebar futures (May’25) edged up d-o-d by RMB 11/t ($2/t) to RMB 3,170/t ($437/t) on 1st Apr’25.

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