Steel billet prices in
China's Tangshan saw an increase of of RMB 40/t ($6/t) on 12 Aug'22 following
an improvement in prices of downstream products. Prices stood at RMB 3,770/t
($559/t), inclusive of 13% VAT. According to data maintained with SteelMint, China's
SHFE re-bar futures contract for Oct'22 delivery closed today at RMB 4,150/t
($616/t), an increase of RMB 42/t ($6/t) d-o-d.
Source: Steel mint