Tag: China: Steel billet rises by RMB 30/t ($4/t) on policy support

Billet prices in China’s Tangshan billet rose by RMB 30/t ($4/t) to RMB 3,100/t ($431/t incl. VAT), while SHFE Oct’25 rebar gained RMB 31/t ($4/t) to RMB 3,244/t ($452/t) as compared to 8 Aug’25. Firm raw material costs, healthy (~$70/t) margins, and policy support are sustaining prices despite weak demand. Local prices in other regions…