Steel billet prices in China’s Tangshan remained stable at RMB 4,500/t ($677/t) post-holidays, inclusive of 13% VAT on 6 Jun’22. According to data maintained with SteelMint, China’s SHFE re-bar futures contract for Oct’22 delivery closed today at RMB 4,750/t ($715/t), witnessing a decrease of RMB 38/t ($6/t) against the closing on 2 Jun.
Leave a Reply