Tag: Chinese steel market update

Steel billet prices in Tangshan, China, decreased by RMB 40/t ($6/t) d-o-d to RMB 2,890/t ($402/t), including 13% VAT, on 12 Jun’25. Billet prices recorded a dip due to reduced production in the downstream sector and weakening domestic raw material tags. SHFE rebar futures (Oct’25) inched down d-o-d by RMB 23/t ($3/t) to RMB 2,968/t…