Tag: steel prices July 2025

Steel billet prices in Tangshan, China, increased by RMB 50/t ($7/t) to RMB 3,060/t ($426/t), including 13% VAT, on 21 Jul’25 driven by improved sentiment, talk of output cuts. HRC futures are nearing a one-year high which led mills to hike finished offers by RMB 30-50/t. SHFE Oct’25 rebar futures rose by RMB 61/t ($9/t)…