The billet prices in the Tangshan market (northeast China) saw a sharp drop of RMB 150 ($21) due to a fall in Chinese rebar futures in the last two days. The billet transactions were weak, while finished steel prices saw a downward trend. The prices of commonly traded Q235 billet 150mm diameter were reported at RMB 3,880/t ($594/t) in Tangshan, inclusive of 13 % VAT.
Leave a Reply