The price of general carbon billet in Tangshan,Changli and Qian’an yesterday increased RMB 10/MT to RMB 3,510/MT including VAT. Today, the steel market is weak and the billet transaction relatively less. The downstream finished product prices tend to move down. The specific transactions are as follows:
Billet: Mill direct shipment is weak, and warehoused spot offered at RMB 3,540-3,550/MT ex-warehouse tax-included, with some transactions at low-price. The inventory of billet warehouses of Xiangyu Zhengfeng and Haiyi Hongrun in Tangshan totaled 688,900 tons, an increase of 7,500 tons. The overall transaction of finished products is weak, and it is expected that the billet will drop by about RMB 20/MT in the afternoon.
Construction steels: Construction steel in Tangshan market is stable, and the price of rebar HRB400 of big size is at RMB 3,900/MT while coiled rebar at RMB 3,960/MT.
HRC: The HRC market weakened slightly by RMB 10/MT, with 3.0mm coil offered at RMB 3,820/MT, mainstream 5.5mm flattened at RMB 3,800/MT and Q345 flattened at RMB 3,960/MT. However in eastern China it moved up.
Medium plate: Tangshan market of mid-plate dropped by RMB 10/MT, and now general carbon 14-22mm is reported at RMB 3,940/MT while low alloy plate at RMB 4,140/MT.
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