Steel billet prices in China’s Tangshan witnessed a d-o-d fall of RMB 40/t ($6/t) on 23 Feb’22. Prices stood at RMB 4,650/t ($736/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 4,786/t ($758/t), witnessing a d-o-d recovery of RMB 52/t ($8/t) as against the closing on 22 Feb.
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