China: Billet prices in Tangshan decrease by RMB 30/t ($4/t) d-o-d

• Steel billet tags in China's Tangshan dipped by RMB 30/t ($4/t) d-o-d to RMB 2,950/t ($410/t), including 13% VAT, on 13 May'25.
• The price decline came amid rising inventories despite improved macroeconomic factors.
• SHFE rebar futures (Oct'25) held firm d-o-d at RMB 3,079/t ($427/t) on 13 May.