Steel billet prices in China’s Tangshan rose by RMB 30/t ($5), d-o-d, on 31 Aug’21. Domestic billet prices stood at RMB 5,020/t ($777), inclusive of 13% VAT. According to data maintained with SteelMint, China’s rebar futures contract for Jan’22 delivery closed today at RMB 5,308/t ($821), a d-o-d decline of RMB 46/t after witnessing an increase of RMB 132/t ($20) on 30 Aug’21.
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