Tag: Chinese billet export offers

Today, billet prices in Chinese domestic market slipped down by RMB 80-100/MT (USD 15/MT) against the last day closing. Current offers are heard at RMB 3,550/MT (USD 539/MT), which was at RMB 3,630/MT (USD 551/MT) on 21 Sep’17. Ex-works prices are including VAT of 17%. Chinese traders attribute this price cut as a result of…