Steel billet prices in China’s Tangshan rose by RMB 30/t ($5/t) d-o-d on 5 Aug’21. Domestic billet prices stood at RMB 5,130/t ($831/t), inclusive of 13% VAT. Overall billet trading was observed to be weak in general. Chinese rebar futures for Oct’21 delivery witnessed a sharp decline of RMB 81/t ($12/t), settling at RMB 5,373/t ($831/t) on 4 Aug.
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