Steel billet prices in China’s Tangshan remained stable at RMB 4,880/t ($752/t), inclusive of 13% VAT on 20 Aug’21. According to data maintained with SteelMint, the Chinese re-bar futures contract for Jan’22 delivery closed today at RMB 5,100/t ($785/t), witnessing a d-o-d recovery of RMB 83/t ($13/t).
Leave a Reply