Steel billet prices in China’s key steel-producing region of Tangshan remained stable at RMB 5,190/t ($803/t), inclusive of 13% VAT on 28 Sep’21. According to data maintained with SteelMint, China’s rebar futures contract for Jan’22 delivery on the Shanghai Futures Exchange (SHFE) closed today at RMB 5,634/t ($872/t), witnessing a d-o-d increase of RMB 70/t ($11/t) against the closing on 27 Sep.
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