Tag: Chinese domestic billet prices drop by RMB 100

Today the billet prices during the afternoon in the Tangshan market (northeast China) witnessed a significant fall of RMB 100 ($15) against yesterday amid a drop in Chinese rebar futures. The billet transactions were weak with softened finished steel prices. The prices of commonly traded Q235 billet 150mm diameter were reported at RMB 4,310/t ($664/t)…