Yesterday, the price of general carbon billet in Tangshan, Changli and Qian’an was settled at RMB 3,520/MT up RMB10/MT. In the early morning today, the Changli area led a gain of RMB 10/MT to report at RMB 3,530/MT, posting a cumulative rise of RMB 30/MT from last Friday. The transaction in billet is weak, and the finished product prices remained stable. The specific transactions are as follows:
Billet: Mill direct shipment was of average performance. The ex-warehouse tax inclusive price for is at RMB 3,570-3,580/MT with some transactions on low-cost resources. The inventory of billet warehouses Xiangyu Zhengfeng and Haiyi Hongrun totaled 795,800 tons, an increase of 21,400 tons. The overall transaction of finished products is acceptable, and it is expected that the price of billets will increase in the afternoon.
Construction Steel: The mainstream prices of construction steel in Tangshan increased by RMB 20/MT, and the current market price for rebar HRB400 of big size is at RMB 3,930/MT, small size at RMB 3,950/MT, and coiled rebar at RMB 3,990/MT in average transactional performance.
HRC: Tangshan HRC Market is holding stable in observation status, with a gain by RMB 20/MT from last Friday. The price of 3.0mm coil is at RMB 3, 820/MT, price of mainstream 5.5mm flattened is at RMB 3, 800/MT, and Q345 flattened at RMB 3, 960/MT.
Medium plate: The Tangshan mid-plate market rose slightly by RMB 10/MT, up RMB 50/MT from last Friday. Now the 14-22mm general carbon plate is reported at RMB 3, 960/MT, and the low-alloy plate at RMB 4, 160/MT with average transactional performance.
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