Steel billet prices in China’s Tangshan fell sharply by RMB 200/t ($30/t) on 17 Jun’22, following a steep decline in rebar futures. Prices stood at RMB 4,180/t ($623/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 4,354/t ($649/t), falling by RMB 152/t ($23/t), d-o-d.
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