Tag: China: Steel billet prices drop by RMB 20/t for 2nd consecutive day

Billet prices in Tangshan, China, slipped RMB 20/t ($3/t) d-o-d to RMB 3,010/t for the second consecutive day. SHFE Oct’25 rebar futures edged down by RMB 2/t to RMB 3,111/t. The decline comes amid market oversupply, stemming from rising crude steel output (+1.2% w-o-w) and higher mill operating rates. Construction demand has yet to pick…