Posted on 10 Dec 2025
Billet prices in Tangshan in North China's Hebei province lost ground last week, with Mysteel's assessment of the price of Q235 150mm square billet in the city dropping by Yuan 20/tonne ($2.8/t) on week to sit at Yuan 2,970/t EXW including the 13% VAT as of December 7.
Mysteel's survey on the 21 steelmakers in Tangshan and the surrounding area showed that their combined external sales of billets – including export orders - averaged 32,000 tonnes/day over November 28-December 4, dropping for the third consecutive week.
On the demand side, some re-rollers started to conduct maintenance as their profit loss on finished steel sales widened again on week, weighing on billet consumption, according to Mysteel's weekly report. Consequently, daily billet consumption among the 34 re-rollers in Tangshan Mysteel regularly checks slumped by 25.2% or 13,700 t/d to average 40,600 t/d over November 27-December 3.
As for retail billet stocks, subdued demand from re-rollers resulted in slight accumulation of billet in warehouses, while billet stocks at ports trended downwards on week, Mysteel's weekly report noted. As a result, billet stocks at the four commercial warehouses and two ports in Tangshan that Mysteel tracks totaled 1.21 million tonnes as of December 4, edging down by 0.9% or 11,300 tonnes on week.
Re-rollers held a cautious stance for billet replenishment amid larger profit loss from finished steel sales, and most of them preferred to consume in-plant stocks for production. As of December 3, billet inventories held by the 34 re-rollers in Tangshan stood at 541,600 tonnes, down by 3.2% or 18,100 tonnes from a week prior.
Source:Mysteel Global
