Steel billets prices in China’s Tangshan rose d-o-d by RMB 20/t ($3/t) on 28 Feb’22. Prices stood at RMB 4,550/t ($721/t), inclusive of 13% VAT. According to data maintained with SteelMint, China’s SHFE rebar futures contract for May’22 delivery closed today at RMB 4,693/t ($744/t), witnessing a sharp increase of RMB 76/t ($12/t) against the closing on 25 February.
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