Tag: China domestic billet price

Steel billet prices in China’s Tangshan increased by RMB 40/t ($5/t) d-o-d to RMB 3,080/t ($420/t), including 13% VAT, on 17 Jan’25. Billet prices rose amid a market rebound, driven by improved rebar futures, sufficient sales, and widespread short-covering before the Lunar New Year, despite lagging demand. SHFE rebar futures (May’25 delivery) rose RMB 45/t…