Steel billets prices in China’s Tangshan edged lower by RMB 10/t ($1.38/t) d-o-d on 7 Nov’22. Prices stood at RMB 3,470/t ($480/t), inclusive of 13% VAT. According to data maintained with SteelMint, China’s SHFE rebar futures contract for Jan’23 delivery closed today at RMB 3,535/t ($489/t, down RMB 27/t ($3.74/t) against the last closing.
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