Tag: Chinese billet domestic offers

Chinese domestic billet prices rose sharply to a 3 years high on strong steel futures. Prices at such levels were last seen in Sept’13. Prices for 150*150 mm Billet Q235 are assessed at RMB 3150-3200/MT (USD 456) including VAT of 17%, which were at USD 414/MT last week. Market participants credit this price hike to…