Steel billet prices in China’s Tangshan fell by RMB 30/t ($5/t) on 9 Mar’22. Prices stood at RMB 4,760/t ($753/t), inclusive of 13% VAT. According to data maintained with SteelMint, China’s SHFE re-bar futures contract for May’22 delivery closed today at RMB 4,907/t ($777/t), witnessing a fall of RMB 49/t ($8/t), d-o-d.
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