Steel billets prices in China’s Tangshan remained stable for the second consecutive day at RMB 4,830/t ($760/t), inclusive of 13% VAT on 30 Mar’22. According to the data maintained with SteelMint, China’s rebar futures contract for Oct’22 delivery on the Shanghai Futures Exchange (SHFE) closed today at RMB 5,034/t ($792/t), witnessing a d-o-d recovery of RMB 22/t ($3/t), d-o-d.
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