Steel billet prices in China’s Tangshan remained stable at RMB 3,760/t ($556/t), inclusive of 13% VAT on 2 Aug’22. According to data maintained with SteelMint, China’s SHFE rebar futures contract for Oct’22 delivery closed today at RMB 4,104/t ($607/t), witnessing an increase of RMB 11/t ($2/t), d-o-d.
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