Tag: downstream steel demand China

Steel billet prices in Tangshan, China, increased by RMB 30/t ($4/t) d-o-d to RMB 2,970/t ($412/t), including 13% VAT, on 7 May’25. An uptick in demand, an increase in raw material costs, and rising finished steel prices and rebar futures drove up billet tags. SHFE rebar futures (Oct’25) edged up by RMB 21/t ($3/t) d-o-d…