Steel billet prices in China’s Tangshan are stable for the third consecutive day on 22 Jul’21 at RMB 5,180/t ($799/t), inclusive of 13% VAT. Overall billet trading, however, remains weak. According to data maintained with SteelMint, Chinese rebar futures contract for Oct’21 delivery closed today at RMB 5,648/t ($874/t), witnessing a sharp d-o-d hike of RMB 87/t ($13/t).
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