Steel billet prices in China’s key steel production hub of Tangshan remained stable at RMB 4,290/t ($673/t), inclusive of 13% VAT on 30 Nov’21. According to data maintained with SteelMint, China’s rebar futures contract for May’22 delivery on the Shanghai Futures Exchange (SHFE) closed today at RMB 4,163/t ($653/t), an increase of RMB 18/t ($3/t), d-o-d.
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