Steel billet prices in China’s Tangshan remained stable for the second consecutive day at RMB 3,920/t ($585/t), inclusive of 13% VAT on 7 July. According to data maintained with SteelMint, China’s SHFE rebar futures contract for Oct’22 delivery closed today at RMB 4,209/t ($628/t), witnessing a fall of RMB 36/t ($5/t), d-o-d.
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