Tag: Chinese domestic billet market update
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Chinese domestic billet prices drop by RMB 20
Today the billet prices in the Tangshan market (northeast China) dropped by RMB 20 against yesterday. The billet transactions were moderate, while finished steel prices rise further. The prices of commonly traded Q235 billet 150mm diameter were reported at RMB 3,780/t ($585/t) in Tangshan, including 13 % VAT.