Author: Aditi Raj

Today, Chinese billet market closed at RMB 1,990/MT (USD 306), registering a rise of RMB 70/MT (USD 11). Yesterday, market was closed at RMB 1,920/MT (USD 295). Prices are including 17% VAT.   The current level of RMB 1,990/MT was last seen on 25 Feb’15. Since last 15 days, prices have been showing downward movement…