Steel billet prices in China's Tangshan remained stable at RMB 5,180/t ($799/t), inclusive of 13% VAT on 20 Jul'21 after a hike of RMB 40/t ($6/t) on 19 Jul. Overall billet transactions remained weak. Chinese rebar futures for Oct'21 contract rebounded after falling in the morning trading session and closed at RMB 5,601/t ($864/t) on 20 Jul, up by RMB 33/t ($5/t) d-o-d.
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