China: Tangshan billet prices inch up by RMB 10/t ($1/t) d-o-d

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Steel billet price in Tangshan, China inched up d-o-d by RMB 10/t ($1/t) to RMB 3,080/t ($425/t) on 25 Mar’25, including 13% VAT.
Increase in raw material prices, and rebar futures, along with stability in finished steel prices and falling inventory have supported billet prices.
SHFE rebar futures (May’25) rose d-o-d by RMB 16/t ($2/t) to RMB 3,220/t ($444/t) on 25 Mar’25.

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