Tag: steel price drop

China: Billet prices fall $1/t as demand softens ahead of holidays

Sep 29, 2025

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by

Ramavath Mounika

in Semi Finished

In Tangshan, China, billet prices fell RMB 10/t ($1/t) to RMB 2,980/t ($418/t), while SHFE Jan’26 rebar also dropped RMB 17/t ($2/t) to RMB 3,097/t ($435/t). Weak demand before the Golden Week holidays pressured prices, with muted export activity, raw material cost drops, and tariff concerns also contributing. Market participants were cautious, expecting clarity to…