Tag: Chinese domestic billet market update
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Chinese domestic billet prices remain stable
Today, billet prices in the Tangshan market (northeast China), opened flat, against last week’s closing. The prices of commonly traded Q235 billet 150mm diameter were reported at RMB 3,420/t ($493/t) in Tangshan, inclusive of 13 % VAT. The finished steel transactions were weak, billet prices may drop by RMB 10 by tomorrow, SteelMint learned from…