Tag: Chinese domestic steel prices

The price of general carbon billet in Tangshan,Changli and Qian’an decreased RMB 10 to RMB 3,500 yesterday. Today, the steel market is gathering momentum and finished steel price is getting higher, though billet sales are just plain. Yesterday Chinese govt announced lowering value-added tax (VAT) from 16% to 13% for the manufacturing industry. The specific…