Tag: billet market update Jun 2025

Steel billet prices in China’s Tangshan were stable at RMB 2,930/t ($408/t) including 13% VAT, on 23 Jun’25 against 20 Jun. Volatility in raw material, finished steel prices and rebar futures have weighed on billet prices. SHFE rebar futures (Oct’25) held largely steady at RMB 2,995/t ($417/t) on 23 Jun’25 against 20 Jun’25.