Tag: billet market sentiment China

Steel billet prices in Tangshan, China edge down lower by RMB 30/t ($4/t) d-o-d to RMB 2,880/t ($401/t), including 13% VAT, on 5 Jun’25. The drop in billet prices came as market sentiment weakened, weighed down by uncertainity in raw material costs and falling rebar futures. SHFE rebar futures (Oct’25) decreased by RMB 19/t ($3/t)…