Steel billet prices in China’s Tangshan remained stable at RMB 4,630/t ($732/t), inclusive of 13% VAT on 18 Feb’22. 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 4,779/t ($755/t), witnessing a d-o-d recovery of RMB 93/t ($15/t) against the closing on 17 February.
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