Tag: China: Steel billet prices inch up by RMB 10/t ($1/t) d-o-d

Steel billet prices in Tangshan inched up by RMB 10/t ($1/t) d-o-d to RMB 3,120/t ($436/t), including 13% VAT, supported by surging coking coal and the second round of coke price hikes. While steel margins improved, downstream demand stayed weak. However, export offers faced resistance due to firm HRC offers. Similarly, SHFE Oct’25 rebar futures…