Steel billet prices in China’s Tangshan rose by RMB 20/t ($3/t) on 25 Aug’21. Domestic billet prices stood at RMB 4,950/t ($764/t), inclusive of 13% VAT. According to data maintained with SteelMint, China’s re-bar futures contract for Jan’22 delivery closed today at RMB 5,236/t ($809/t), up by just RMB 1/t ($0.15/t) after witnessing an increase of RMB 133/t ($20/t) on 24 Aug’21.
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