Tag: Chinese billet prices
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Volatility Continues in Chinese Domestic Billet Market
Chinese domestic billet prices have been fluctuating since last 2-3 days. Today, prices have jumped up by RMB 40/MT (USD 6/MT) to RMB 2,490/MT (USD 383/MT) compared to last day trade, which was closed at RMB 2,450/MT (USD 377/MT). A week earlier, prices had been falling persistently in China’s domestic market on account of price…