China: Steel billet prices remain unchanged post-Lunar New Year holidays
- Steel billet prices in China's Tangshan remained flat at RMB 3,090/t ($424/t) on 7 Feb'25 post-Lunar New Year Holidays as against 27 Jan'25. Prices include 13% VAT.
- Supportive sentiments from raw material, finished steel market and seasonal demand propped up billet prices.
- SHFE rebar futures (May'25 delivery) dipped by RMB 21/t ($3/t) to RMB 3,352/t ($460/t) on 7 Feb'25 as against 27 Jan'25.