Author: Aditi Raj

Alike yesterday, Chinese billet market today also registering a rise of RMB 70/MT (USD 11) to RMB 2,060/MT (USD 317). Yesterday, market was closed at RMB 1,990/MT (USD 306). Prices are including 17% VAT.   The current level of RMB 2,060/MT was last seen on 5 Apr’16. Billet prices have been showing downward movement since…