Steel billet prices in China’s Tangshan rose by RMB 30/t ($5/t) on 28 Mar’22. Prices stood at RMB 4,830/t ($758/t), inclusive of 13% VAT. According to data maintained with SteelMint, China’s SHFE rebar futures contract for May’22 delivery closed today at RMB 5,058/t ($794/t), witnessing an increase of RMB 45/t ($7/t), d-o-d.
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