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

Billet prices in China’s Tangshan rose RMB 20/t ($3/t) d-o-d to RMB 3,120/t ($434/t, including VAT), with SHFE rebar (Oct’25) up RMB 28/t ($4/t) to RMB 3,272/t ($455/t). Prices remained firm despite production cut talks, with coke in its 6th round of hikes. EAF mills faced losses amid tight scrap supply. Export offers rose $10/t…