The latest price of billet in the domestic market of China recorded  one dollar cheaper at $408 per ton including VAT.

 According to ‎‎Big Mint‎‎, the decline in iron ore prices, the steel market,s recession, and the decline in rebar futures contracts put downward pressure on the price of billet. ‎

‎ On the Shanghai Stock Exchange, the latest price of the rebar contract for October delivery fell by $6, down $417 per ton.