The billet prices in the Tangshan market (northeast China) are continuously declining on deteriorating rebar futures. Today, prices further fall by RMB 30, against yesterday. The billet transactions are still weak amid sluggish finished steel demand. The prices of commonly traded Q235 billet 150mm diameter were reported at RMB 3,420/t ($500/t) in Tangshan, inclusive of 13 % VAT.
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