Steel billet prices in China’s Tangshan remained stable at RMB 4,950/t ($764/t), inclusive of 13% VAT on 27 Aug’21. According to data maintained with SteelMint, China’s re-bar futures contract for Jan’22 delivery closed today at RMB 5,222/t ($806/t), witnessing a d-o-d recovery of RMB 114/t ($18/t).
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