Today the billet prices in the Tangshan market (northeast China) witnessed a decrease of RMB 60 ($9) against yesterday amid a drop in rebar futures. The billet transactions were moderate, while finished steel prices saw a surge. The prices of commonly traded Q235 billet 150mm diameter were reported at RMB 4,350/t ($666/t) in Tangshan, including 13 % VAT.
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