Tag: steel market report

China: Billet prices inch up by $1/t despite weak market post-holidays

Oct 9, 2025

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by

Anshuman

in Billet

In Tangshan, China, billet prices rose slightly by RMB 10/t ($1/t) from 30 Sep’25 to RMB 2,960/t ($416/t), while SHFE Jan’26 rebar gained RMB 29/t ($4/t) to RMB 3,101/t ($435/t). Following the Golden Week holidays, the market faced stagnant local demand, high inventories, and stable mill output. Exports resumed but remained limited amid strict EU…