Tag: Chinese steel demand

Steel billet prices in Tangshan, China fell by RMB 40/t ($6/t) d-o-d to RMB 2,900/t ($402/t), including 13% VAT, on 27 May’25. Falling mill margins and weak rebar futures, driven by subdued demand, are dragging billet prices downward. SHFE rebar futures (Oct’25) decreased by RMB 24/t ($3/t) d-o-d to RMB 2,980/t ($414/t) on 27 May…