Steel billet prices in China’s Tangshan continue to remain stable for the second consecutive day on 21 Jul’21 at RMB 5,180/t ($799/t) inclusive of 13% VAT. The overall performance in billet trading, however, is weak. Chinese rebar futures contract for Oct’21 delivery fell to RMB 5,561/t ($859/t) on 21 Jul, down by RMB 40/t ($6/t) d-o-d.
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