Tag: China: Steel billet prices surge by RMB 50/t ($7/t) d-o-d

Steel billet prices in Tangshan, China, surged by RMB 50/t ($7/t) to RMB 3,010/t ($419/t), including 13% VAT, on 18 Jul’25. Despite weak demand, prices rose amid policy-driven optimism and capacity cut plans. HRCs hit a 5-month high on better margins and strengthening raw materials tags. EAF output rebounded to 30-40%. Additionally, SHFE Oct’25 rebar…