Steel billet prices in China’s Tangshan remained stable for the second consecutive day at RMB 4,270/t ($672/t), inclusive of 13% VAT on 31 Dec’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 4,315/t ($680/t), witnessing an increase of RMB 33/t ($5/t), d-o-d.
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