SteelMint

Tag: Chinese domestic billet market update

  • Chinese domestic billet prices rise by RMB 10 ($1.5)

    Chinese domestic billet prices rise by RMB 10 ($1.5)

    —

    by

    Pranjal Markale
    in

    Today the billet prices in the Tangshan market (northeast China) opened with a rise of RMB 10 ($1.5), against last week’s closing. The billet transactions were moderate, while finished steel prices rise further. The prices of commonly traded Q235 billet 150mm diameter were reported at RMB 3,810/t ($587/t) in Tangshan, including 13 % VAT.