Steel billet prices in China’s Tangshan remained stable at RMB 5,080/t ($783/t), inclusive of 13% VAT on 9 Aug’21. Overall billet trading remained weak, SteelMint notes. Chinese rebar futures contract for Oct’21 delivery closed today at RMB 5,330/t ($823/t), witnessing a decline of RMB 49/t ($7/t) against closing on 6 Aug’21.
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