Tag: Chinese Domestic market

Since July, billet imports have increased in Eastern China which has impacted domestic trade in the region. The billet ex-factory price in Xuzhou has dropped from RMB 3,780/MT to RMB 3,510/MT, registering a drop of RMB 270/MT. The reasons for the decline are as follows: 1.The Xuzhou waterway is blocked and the transportation period is…