Steel billet prices in China’s Tangshan witnessed a d-o-d increase of RMB 20/t ($3/t) on 5 Jan’22. Domestic billet prices stood at RMB 4,280/t ($673/t), inclusive of 13% VAT. According to data maintained with SteelMint, China’s SHFE re-bar futures contract for May’22 delivery closed today at RMB 4,444/t ($699), a rise of RMB 49/t ($8/t), d-o-d.
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