China: Steel billet prices stable d-o-d, rebar futures edge up

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Domestic billet prices in China’s Tangshan remained stable for the second consecutive day at RMB 3,780/t ($557/t), inclusive of 13% VAT, on 10 Jan’23.
Stable finished steel prices and a hike in futures have supported billet prices, SteelMint notes.
China’s SHFE rebar futures contract for May’23 delivery closed today at RMB 4,124/t ($608/t), an increase of RMB 31/t ($4/t) d-o-d.

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