Steel billet prices in China’s Tangshan witnessed a d-o-d rise of RMB 30/t ($5/t) on 7 Jan’22. Domestic billet prices stood at RMB 4,350/t ($682/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 4,526/t ($710), a rise of RMB 32/t ($5/t), d-o-d.
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