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Tag: China domestic billet price

  • China: Steel billet prices drop by RMB 20/t ($3/t)

    China: Steel billet prices drop by RMB 20/t ($3/t)

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    by

    Vaibhav Dubey
    in

    Steel billet prices in Tangshan, China, decreased by RMB 20/t ($3/t) d-o-d to RMB 2,910/t ($405/t), including 13% VAT, on 17 Jun’25. Weak domestic demand and a drop in rebar futures weighed on billet prices. SHFE rebar futures (Oct’25) edged down by RMB 9/t ($1/t) d-o-d to RMB 2,981/t ($415/t) on 17 Jun’25.