Tag: rebar futures surge

Steel billet prices in Tangshan rose RMB 80/t ($11/t) d-o-d to RMB 3,140/t ($438/t) including 13% VAT; SHFE Oct’25 rebar futures surged RMB 81/t ($11/t) to RMB 3,309/t ($461/t). The rally was supported by bullish price momentum in other commodities, alongside expectations of output cuts in 8 provinces. Strong sentiment across raw materials and futures…