Steel billet prices in China’s Tangshan rose by RMB 20/t ($3/t) d-o-d on 27 Jul’21. Prices of domestic billet were reported at RMB 5,260/t ($809/t), inclusive of 13% VAT. SteelMint notes that overall billet trading was smooth. According to data maintained with SteelMint, Chinese rebar futures contract for Oct’21 delivery witnessed a sharp decline of RMB 74/t ($11/t) and settled at RMB 5,613/t ($11/t) on 27 Jul’21.
Leave a Reply