Tag: China billet price drop
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China: Steel billet prices edge down by RMB 10/t ($1/t) d-o-d
Steel billet prices in Tangshan, fell by RMB 10/t ($1/t) d-o-d to RMB 2,910/t ($406/t), including 13% VAT, on 1 Jul’25. Billet prices saw a drop driven by sluggish market demand and volatile raw material tags. SHFE rebar futures (Oct’25) edged up slightly by RMB 6/t ($1/t) d-o-d to RMB 3,003/t ($419/t) on 1 Jul’25.