Tag: China: Billet price slips on changing fundamentals

The price of Q235 150mm square billet in Tangshan, a pointer to Chinese steel market sentiment, reversed down by Yuan 100/tonne ($15.3/t) on a week to Yuan 4,940/t EXW and including the 13% VAT as of April 16, as billet supply has been easing and demand to shrink, Mysteel’s latest report showed. Billet supply from…