Steel billet prices in China’s key steel-producing region of Tangshan remained stable for the second consecutive day at RMB 5,220/t ($811/t), inclusive of 13% VAT on 15 Sept’21. According to data maintained with SteelMint, China’s re-bar futures contract for Jan’22 delivery closed today at RMB 5,518/t ($858/t), witnessing a recovery of RMB 26/t ($4/t) against the closing on 14 Sep.
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