Today, billet prices in China’s domestic market have remained flat at RMB 2,290/MT (USD 352/MT) against the last day closing.
Prices have been reported to be quite volatile since 1-2 months. Yesterday, Chinese domestic billet makers had reduced their prices by RMB 200/MT (USD 30/MT) in just 2-3 days. Prices as on 29 Apr’16 were last assessed at RMB 2,490/MT (USD 383/MT). All prices are including 17% VAT.
In the meantime, Chinese billet export offers are assessed at USD 380-390, FoB Chinese port for Q235, 150*150 mm, which were last seen at USD 400-410/MT last week.
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