{"id":1570,"date":"2017-09-24T12:05:37","date_gmt":"2017-09-24T12:05:37","guid":{"rendered":"http:\/\/kjtehrani.com\/en\/?p=1570"},"modified":"2017-09-24T19:43:54","modified_gmt":"2017-09-24T19:43:54","slug":"chinese-billet-prices-fall-sharply-on-demand-concerns","status":"publish","type":"post","link":"https:\/\/kjtehrani.com\/en\/chinese-billet-prices-fall-sharply-on-demand-concerns\/","title":{"rendered":"Chinese Billet Prices Fall Sharply on Demand Concerns"},"content":{"rendered":"<p style=\"text-align: justify;\">Today, billet prices in Chinese domestic market slipped down by RMB 80\u2014100\/MT (USD 15\/MT) against the last day closing. Current offers are heard at RMB 3,550\/MT (USD 539\/MT), which was at RMB 3,630\/MT (USD 551\/MT) on 21 Sep&#8217;17. Ex-works prices are including VAT of 17%.<\/p>\n<p style=\"text-align: justify;\">Chinese traders attribute this price cut as a result of high capacity utilization by steel plants and slowing demand in domestic market.<\/p>\n<p style=\"text-align: justify;\">Chinese traders believe that at these levels Chinese billet supplies may come back to seaborne market. Export levels for 150*150 mm from China are assessed at around USD 520\/MT FOB against USD 530-535\/MT FOB levels, although no trade have been reported.<\/p>\n<p style=\"text-align: justify;\">Global Billet Export Offers &#8211; Billet export offers in world\u2018s major markets have weakened slightly. Imported scrap prices have also shown correction this week. US origin HMS (80:20) prices have come down to USD 335\/MT, CFR Turkey against last week&#8217;s assessment of USD 350\/MT, CFR Turkey.<\/p>\n<p style=\"text-align: justify;\"><img decoding=\"async\" loading=\"lazy\" class=\"wp-image-1572 aligncenter\" src=\"http:\/\/kjtehrani.com\/en\/wp-content\/uploads\/2017\/09\/16-7.jpg\" alt=\"16\" width=\"542\" height=\"330\" \/><\/p>\n<p><strong>Source Steel Mint powered by Keyvan Jafari Tehrani (JTC)<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Today, billet prices in Chinese domestic market slipped down by RMB 80\u2014100\/MT (USD 15\/MT) against the last day closing. Current offers are heard at RMB 3,550\/MT (USD 539\/MT), which was at RMB 3,630\/MT (USD 551\/MT) on 21 Sep&#8217;17. Ex-works prices are including VAT of 17%. Chinese traders attribute this price cut as a result of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1475,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28,21],"tags":[48,50,46,53,65,62,45,47],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Chinese Billet Prices Fall Sharply on Demand Concerns - Keyvan Jafari Tehrani<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/kjtehrani.com\/en\/chinese-billet-prices-fall-sharply-on-demand-concerns\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chinese Billet Prices Fall Sharply on Demand Concerns - Keyvan Jafari Tehrani\" \/>\n<meta property=\"og:description\" content=\"Today, billet prices in Chinese domestic market slipped down by RMB 80\u2014100\/MT (USD 15\/MT) against the last day closing. 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