Tag: China: Steel billet prices edge up by RMB 20/t from last close

Billet prices in Tangshan increased by RMB 20/t ($3/t) to RMB 3,050/t, while SHFE Oct’25 rebar futures inched up by RMB 15/t to RMB 3,134/t from the last close on Friday. Export offers gained $3-5/t on limited supply, and mills kept prices firm despite high inventories, supported by iron ore at $103/t and a strong…