Tag: steel market China May 2025

Steel billet tags in China’s Tangshan held firm at RMB 2,950/t ($409/t), including 13% VAT, on 19 May’25 as against 16 May. The market witnessed limited movement as declining raw material costs, stable finished steel prices, and a dip in rebar futures reflected muted demand. SHFE rebar futures (Oct’25) dipped by RMB 13/t ($2/t) to…