Tag: Chinese domestic billet prices
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Chinese Billet Prices Drop 18-Months Low, Can it Flood the Global Market?
Chinese billet prices corrected by around Yuan 800/MT ( USD 115) in last one month making it to hit 18 months low. Spot billet prices continue to drop in Chinese domestic market on bearish sentiments and de-stocking by traders. Price for 150mm Q235 grade billet assessed at Yuan 3120/MT (Ex-Tangshan-China, Including 17% VAT) which is…