Author: Aditi Raj
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Chinese Billet Prices Dip RMB 590/MT (USD 91) in May
In just last 15 days, MS billet offers in Chinese domestic market have registered a slump of RMB 590/MT (USD 91). Currently, Q235 sized billet in Tangshan is available at RMB 1,900/MT (USD 292), which was RMB 2,490/MT (USD 383) on 1 May’16. All prices are including 17% VAT. Sources reported that price corrections by…