Steel billets prices in China’s Tangshan increased by RMB 30/t ($4.15/t) d-o-d on 4 Nov’22. Prices stood at RMB 3,480/t ($481/t), inclusive of 13% VAT. According to data maintained with SteelMint, China’s SHFE rebars futures contract for Jan’23 delivery closed today at RMB 3,562/t ($493/t), up RMB 58/t ($8.02/t), against RMB 3,504/t ($485/t ) d-o-d.
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