Steel billets prices in China’s Tangshan rose marginally by RMB 20/t ($3/t) to RMB 3,560/t ($495/t), inclusive of 13% VAT on 28 Nov’22. According to data maintained with SteelMint, China’s SHFE rebars futures contract for Jan’23 delivery closed today at RMB 3,738/t ($520/t), remaining largely stable as against the closing on 25 Nov’22.
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