Tag: Chinese billet prices

Today, billet prices in Chinese domestic market again slipped by RMB 70/MT (USD 10/MT) against the last day closing and hit five month low. Current offers are heard at RMB 2,750/MT (USD 400/MT), which were RMB 2,820/MT (USD 410/MT) on 17 Apr’17, Ex-Tanshang, including VAT of 17%. Prices are falling on bearish sentiments and weak…