Steel billet prices in China’s Tangshan remained stable at RMB 4,680/t ($741/t), inclusive of 13% VAT on 4 Mar’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 4,901/t ($776/t), witnessing an increase of RMB 21/t ($3/t), d-o-d.
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