China: Steel billets prices stable d-o-d on supportive rebar futures

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Domestic billets prices in China’s Tangshan remained stable for the second consecutive day at RMB 3,810/t ($565/t). Prices are inclusive of 13% VAT.
A hike in rebar futures has supported billets prices, SteelMint notes.
China’s SHFE rebar futures contract for May’23 delivery closed today at RMB 4,055/t ($602/t), an increase of RMB 13/t ($2/t) d-o-d.

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