Steel billet prices in China’s Tangshan rose sharply by RMB 50/t ($8/t) on 25 Mar’22. Prices stood at RMB 4,800/t ($754/t), inclusive of 13% VAT. According to the data maintained with SteelMint, China’s SHFE rebar futures contract for May’22 delivery closed today at RMB 5,013/t ($788/t), witnessing a rise of RMB 68/t ($11/t), d-o-d.
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