Tag: Tangshan steel billet
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China: Tangshan billet prices decrease d-o-d by RMB 40/t ($6/t)
Steel billet tags in China’s Tangshan dipped by RMB 40/t ($6/t) d-o-d to RMB 2,930/t ($406/t), including 13% VAT, on 8 May’25. The dip came amid new policy measures, rising inventories and high steel output. SHFE rebar futures (Oct’25) fell d-o-d by RMB 46/t ($6/t) to RMB 3,052/t ($422/t) on 8 May’25.