Steel billet prices in China’s Tangshan remained stable at RMB 4,290/t ($673/t), inclusive of 13% VAT on 28 Dec’21. Overall demand for billets 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 4,319/t ($678/t), witnessing a slight recovery of RMB 12/t ($2/t), d-o-d.
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