China: Steel billet prices fall by RMB 20/t ($3/t) d-o-d
- Billet prices in China's Tangshan dropped RMB 20/t ($3/t) d-o-d to RMB 3,060/t ($427/t, incl. VAT), while SHFE rebar (Oct'25) slipped RMB 33/t ($5/t) to RMB 3,189/t ($445/t).
- The market softened amid higher steel production, 3-month-high inventories, and weaker raw material prices.
- Export demand slowed, with mills holding base offers steady. Limited cost support and concerns over Oct capacity cuts kept sentiment cautious.