Steel billets prices in China’s Tangshan rose by RMB 20/t ($3/t) on 13 Apr’22 despite a sharp fall in rebar futures. Prices stood at RMB 4,780/t ($750/t), inclusive of 13% VAT. According to data maintained with SteelMint, China’s SHFE re-bar futures contract for Oct’22 delivery closed today at RMB 4,915/t ($772/t), witnessing a sharp fall of RMB 120/t ($19/t), d-o-d.
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