Today, the billet prices in the Tangshan market (northeast China) witnessed a drop of RMB 10 ($1.5) for the third consecutive day. With the price drop, the billet transactions have improved. However, the disparity continues to remain in finished steel prices. The prices of commonly traded Q235 billet 150mm diameter were reported at RMB 3,570/t ($542/t) in Tangshan, inclusive of 13 % VAT.
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