Yesterday, the ex-factory price of general carbon billet in Tangshan,changli and Qian’an was settled at RMB 3,510/MT down RMB 20. In the morning trading today, some steel mills in Changli and Tangshan led the market to gain increase of RMB 10/MT reaching RMB 3,520/MT. After the increase, the billet sale is passable and the prices of finished products are in slight consolidation. The specific transactions are as follows:
The inventory of billets at warehouses Xiangyu Zhengfeng and Haiyi Hongrun reads 395,500 MT, down 8,000 MT. The steel Futures inclined to fluctuate upwards which boosted spot transaction and finished steel trading volume improved. It is expected that billet price may go up in the afternoon.
Construction steel: The market is mainly stable, with the current market price of HRB400 of big specification at RMB 4,030/MT and small specification at RMB 4,130/MT while coiled rebar at RMB 4,180/MT. Transaction is active.
HRC: Tangshan hot-rolled flat sheet lowered by RMB10,and price of 1,500mm wide flat sheet by first-tier steel mill is at RMB 3,900/MT, second-tier steel mill at RMB 3,890/MT; Q345 flat sheet is at RMB 4,060/MT. The price of welded pipe was partially reduced by RMB30 to see the mainstream reported at RMB 4,050-4,080.Transaction is sound.
Medium plate: medium plate price dropped by RMB10 and price of general carbon plate 14-22mm is mainly offered at RMB3,970/MT,while low alloy plate at RMB 4,170/MT. Transaction is sound.
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