Tag: Chinese billet export offers

Chinese billet prices have corrected by RMB 80/MT (USD 12) in last few trading sessions owing to higher inventories and falling re-bar demand amid extreme climate affecting construction activities. Domestic offers for 150mm billet stand at RMB 3,650/t (USD 562),ex Tangshan (China),including 17% VAT. This gives some room for Chinese billet traders to explore seaborne…