China: Domestic billet prices stable, rebar futures edge up

Steel billet prices in China’s Tangshan remained stable at RMB 5,250/t ($816/t), inclusive of 13% VAT on 14 Oct’21. According to data maintained with SteelMint, China’s rebar futures contract for Jan’22 delivery on the Shanghai Futures Exchange (SHFE) closed today at RMB 5,465/t (849$/t), up by RMB 44/t ($7/t) d-o-d.