China’s billet prices stable while rebar futures bounce back

Steel billet prices in China’s Tangshan continue to remain stable on 10 Aug’21 at RMB 5,080/t ($783/t), inclusive of the 13% VAT. The overall performance of billet trading, however, remains modest. According to data maintained with SteelMint, China’s rebar futures contract for Oct’21 delivery closed today at RMB 5,437/t ($839/t), witnessing a rebound of RMB 107/t ($16/t).