Author: Aditi Raj
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Chinese Domestic Billet Offers Up by USD 14/MT
Today, Chinese billet prices in domestic market have upsurged by RMB 90/MT (USD 14/MT) to RMB 2,170/MT (USD 334/MT) against last day closing on 8 Apr’16 at RMB 2,080/MT (USD 320/MT). All prices are 17% VAT included. Lack of billet inventory levels with finished steel manufacturers coupled with peak construction activity season has supported billet…