Steel billet prices in China’s Tangshan remained stable for the second consecutive day at RMB 4,390/t ($689/t), inclusive of 13% VAT on 24 Dec’21. Overall, demand for domestic billet is weak. 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 4,519/t ($710/t), a rise of RMB 40/t ($6/t), d-o-d.
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