Steel billet prices in China’s Tangshan market remained stable at RMB 5,220/t ($816/t), inclusive of 13% VAT on 20 Oct’21. According to data maintained with SteelMint, China’s rebar futures contract for Jan’22 delivery at the Shanghai Futures Exchange (SHFE) closed today at RMB 5,304/t ($829/t), witnessing a sharp d-o-d decline of RMB 242/t ($38/t) against the closing on 19 Oct.
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