Steel billet prices in China’s key steel producing hub of Tangshan remained stable at RMB 4,900/t ($766), inclusive of 13% VAT on 3 Nov’21. According to data maintained with SteelMint, China’s rebar futures contract for Jan’22 delivery on the Shanghai Futures Exchange (SHFE) closed today at RMB 4,385/t ($685), witnessing a d-o-d recovery of RMB 155/t ($24).
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