Steel billet prices in China’s Tangshan remained stable for the second consecutive day at RMB 3,760/t ($557/t), inclusive of 13% VAT on 3 Aug’22. According to data maintained with SteelMint, China’s SHFE rebar futures contract for Oct’22 delivery closed today at RMB 4,063/t ($602/t), witnessing a decrease of RMB 41/t ($6/t), d-o-d.
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