Tag: real estate impact on steel

Steel billet prices in Tangshan, China, increased by RMB 10/t ($1/t) d-o-d to RMB 2,950/t ($409/t), including 13% VAT, on 23 May’25. Billet prices edged up amid a slow real estate recovery, despite falling futures and softer raw material tags. SHFE rebar futures (Oct’25) fell by RMB 15/t ($2/t) d-o-d to RMB 3,046/t ($423/t) on…