Steel billet prices in China’s Tangshan increased by RMB 30/t ($5/t) d-o-d on 30 Jul’21. Prices of domestic billets were reported at RMB 5,270/t ($816/t) inclusive of 13% VAT. Overall billet trading continued to remain somewhat weak, SteelMint notes. Chinese rebar futures contract for Oct’21 delivery closed at RMB 5,737/t ($888/t) today, down by RMB 16/t ($2/t) after witnessing a sharp hike of RMB 95/t ($15/t) on 29 Jul’21.
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