Steel billet prices in China's Tangshan saw a small increase of RMB 30/ton ($5/t) on January 22. Domestic billet prices stood at RMB 4,400/ton ($691/t) including 13% VAT.
According to data from foreign sources, the SHFE rebar futures contract for China's May'22 delivery closed yesterday at RMB 4,632/t ($728), up RMB 43/tonne ($7/t).
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