Tag: China: Steel billet prices drop by RMB 20/t ($3/t) d-o-d

Steel billet prices in Tangshan, China, fell by RMB 20/t ($3/t) d-o-d to RMB 2,950/t ($411/t), including 13% VAT, on 15 Jul’25. Prices dropped as market sentiment stayed cautious, weighed down by muted housing demand, unstable raw material costs, and sluggish export activity. SHFE rebar futures (Oct’25) slipped by RMB 24/t ($3/t) d-o-d to RMB…