Steel billet prices in China’s Tangshan remained stable at RMB 4,420/t ($694/t), including 13% VAT, on 21 Dec’21. Physical trades remained firm despite a drop in futures due to which stability was seen in domestic prices. China’s rebar futures contract for May’22 delivery on the Shanghai Futures Exchange (SHFE) closed today at RMB 4,473/t ($702/t), a slight decrease of RMB 2/t ($0.31/t), d-o-d.
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