Asian billet prices face downward pressure; Chinese rebar prices increase
04/14/2025 10:16:16 UTC|Market Commentary
AuthorChenxu Zhao<;%20Chinese%20rebar%20prices%20increase&body=https%3A%2F%2Fplattsconnect.spglobal.com%2F%23platts%2FnewsArticle%3FarticleID%3D3e4d7cf8-2c88-4bb0-8063-422dca6c14df%0AArticle%20Highlights%3A%0A%0AChinese%20export%20billet%20prices%20decrease%0ABeijing%20HRB400%2018-25%20mm%20rebar%20spot%20price%20at%20Yuan%203%2C120%2Fmt%20ex-stock%0A%0A%0AContinue%20reading%20the%20full%20article%20by%20subscribing%20to%20the%20S%26P%20Global%20Commodity%20Insights%20Platts%20Connect.%20Email%20ci.support%40spglobal.com%20to%20learn%20more%20and%20subscribe”>.>|EN
Rebar

* Chinese export billet prices decrease
* Beijing HRB400 18-25 mm rebar spot price at Yuan 3,120/mt ex-stock

Asian billet prices showed mixed trends on April 14, with domestic markets in China maintaining stability and export markets facing challenges.
In Tangshan, the tradable price for Q235 billet was reported at Yuan 3,020/mt, with market sources describing the transaction volume as average.
Platts assessed Chinese domestic Q235 billet at Yuan 3,020/mt on a Tangshan ex-stock basis, stable from the previous session.
In the export market, Chinese 3SP 150 mm billet offers were reported at $430/mt FOB China. Bids for 3SP 150 mm billet were reported at $420/mt, with the tradable value reported between $421/mt and $426/mt FOB China. A China-based trader said some factories are adopting more aggressive sales strategies to ensure smooth sales in the current uncertain macroeconomic environment.
Platts assessed Chinese export 3SP 150 mm billet at $426/mt FOB China, down $3/mt over the session.
In Southeast Asia, the demand for billets remained low, particularly in Manila, where the market was dull with no inquiries, according to market sources. A Manila-based trader said the poor demand situation is expected to continue until after Easter. Offers for 5SP 150 mm billets were reported in the $450-$455/mt CFR Manila range, with buyers’ tradable values below $430/mt CFR Manila.
Platts assessed 5SP 130 mm billets at $447/mt CFR Manila, down $2/mt from the previous session.
In the Beijing rebar market, trading activity was moderate, with the tradable price for HRB400 18-25 mm rebar reported at Yuan 3,120/mt. Market sources noted that despite numerous price negotiations, the transaction volume was average.
Platts assessed the domestic Beijing HRB400 18-25 mm rebar spot price at Yuan 3,120/mt ex-stock, up Yuan 10/mt over the session.
In Southeast Asia, seaborne rebar prices remained stable. Deals were reported in the $460-$465/mt CPT Singapore range. Chinese-origin offers were heard at $470/mt CFR Singapore.
Platts assessed the 16-32 mm BS4449-grade 500 rebar at $460/mt CFR Southeast Asia, stable from the previous session.
In the FOB China market, offers for rebar were reported at $450/mt FOB China in theoretical weight, equating to $464/mt FOB China in actual weight. A Hong Kong-based fabricator said the market in Hong Kong has been difficult to assess due to substantial discrepancies between buying and selling prices. Chinese-origin offers were reported at $470/mt CFR Hong Kong.
Platts assessed the Chinese export 16-40 mm diameter BS500B-grade rebar at $451/mt FOB, up $1/mt from April 11.
A China-based trader said that despite the macroeconomic influences, demand is somewhat assured as it is still the peak season. The market may shift its focus to when pig iron prices will peak if tariff tensions ease, said the trader source.
Platts is part of S&P Global Commodity Insights.
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