Tag: Chinese billet prices

Chinese billet offers, which had surged to RMB 2,640/MT on 21 Apr’16, have now dropped steeply by RMB 160/MT (USD 25/MT) to RMB 2,480/MT (USD 382/MT) in just 5 days. A largest billet manufacturer in China, Xinda on 25 Apr’16 in its morning trade, had reduced its offers by RMB 50/MT (USD 8/MT) and other…