Steel billet prices in China’s Tangshan rose by RMB 20/t ($3/t) on 7 Dec’21. Domestic billet prices stood at RMB 4,360/t ($685/t), inclusive of 13% VAT. According to data maintained with SteelMint, China’s re-bar futures contract for May’22 delivery closed today at RMB 4,450/t ($699/t), a rise of RMB 91/t ($14/t), d-o-d.
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