Today the billet prices in the Tangshan market (northeast China) witnessed a significant drop of RMB 150/t ($23/t) day-on-day (d-o-d). The drop was amid SHFE rebar futures, which slipped by RMB 274/t ($43/t), d-o-d. The prices of commonly traded Q235 billet 150mm diameter were reported at RMB 5,670/t ($881/t) ex Tangshan including 13% VAT.
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