Steel billet prices in China’s key steel-producing hub of Tangshan remained stable at RMB 5,220/t ($810/t), inclusive of 13% value-added tax (VAT) on 14 Sept’21. According to data maintained with SteelMint, rebar futures contract on the Shanghai Futures Index (SHFE) for Jan’22 delivery closed today at RMB 5,492/t ($852/t), witnessing a sharp, d-o-d, fall of RMB 150/t ($23/t).
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