Tag: billet price rise May 2025

Steel billet tags in China’s Tangshan increased by RMB 10/t ($1/t) d-o-d to RMB 2,920/t ($405/t), including 13% VAT, on 29 May’25. The rise came despite mills operating at a six-month capacity peak, supported by improved downstream product sales and stable raw material prices. SHFE rebar futures (Oct’25) rose by RMB 14/t ($2/t) d-o-d to…