The price of billet in China’s domestic market fell by $3 to $435 per tonne at the factory door with a 13% VAT. The drop in the price of steel products and the decline in the rebar futures market negatively affected the price of billet. Due to the falling of prices, trading volumes improved. ‎

‎The price of billet imported to China also fell by about 2% to $379 per tonne CFR. On the Shanghai Stock Exchange, the latest price of the rebar contract for October delivery was also recorded with a decrease of $9 to $463 per tonne.‎