China: Billet prices rise by RMB 30/t ($4/t) d-o-d
- Steel billet prices in Tangshan, China, edged up d-o-d by RMB 30/t ($4/t) to RMB 2,910/t ($406/t), including 13% VAT, on 6 Jun'25.
- Billet prices have experienced an upward movement, driven by strengthened futures contracts and declining inventory levels.
- SHFE rebar futures (Oct'25) increased by RMB 16/t ($2/t) d-o-d to RMB 2,975/t ($415/t) on 6 Jun.