Steel billet prices in China’s Tangshan decreased by RMB 40/t ($6/t) on 1 July’22 following a significant fall in rebar futures. BIllet prices stood at RMB 4,000/t ($596/t), inclusive of 13% VAT. According to data maintained with SteelMint, China’s SHFE re-bar futures contract for Oct’22 delivery closed today at RMB 4,265/t ($636/t), witnessing a fall of RMB 113/t ($17/t).
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