Steel billet prices in China’s Tangshan remained stable at RMB 4,950/t ($764/t) inclusive of 13% VAT on 26 Aug’21 after increasing RMB 20/t ($3/t) yesterday. According to data maintained with SteelMint, China’s re-bar futures contract for Jan’22 delivery closed today at RMB 5,108/t ($788/t), witnessing a significant decline of RMB 128/t ($20/t), d-o-d.
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