Steel billet prices in China’s key steel production hub of Tangshan remained stable at RMB 4,450/t ($694), inclusive of 13% VAT on 11 Nov’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 4,443/t ($693), witnessing a significant recovery of RMB 197/t ($31), d-o-d.
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