Steel billet prices in China’s Tangshan remained stable for the third straight day at RMB 3,550/t ($525/t), inclusive of 13% VAT on 22 July. According to data maintained with SteelMint, China’s SHFE rebar futures contract for Oct’22 delivery closed today at RMB 3,863/t ($572/t), witnessing an increase of RMB 32/t ($5/t), d-o-d.
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