Yesterday the ex-factory price of general carbon billet in Tangshan, Changli and Qian’an areas was settled at RMB 3,580/MT down RMB20. The billet inventory at warehouses of Xiangyu Zhengfeng and Haiyi Hongrun is 327,200 tons, down 10,800 tons. The overall shipment of finished products is smooth, and it is expected that the billet may gain RMB10 in the afternoon.
Today, the steel market has improved, and the prices of finished products moved up, though transaction on billets is mediocre. The specific transactions are as follows:
Construction steel: The mainstream price of construction steel on Tangshan market moved up RMB 30, and the current market price of rebar HRB400 of big specification is at RMB 3,970/MT, small specification at RMB 4,070/MT while coiled rebar at RMB 4,120/MT. Transactions are sound.
HRC: Price of hot-rolled flat sheet is mainly stable, with certain specifications undergone adjustment. Price of 1,500 mm wide flat sheet by first-tier mills is at RMB 3,930/MT, second-tier mills at RMB 3,920/MT and Q345 flat sheet at RMB 4,100/MT. Transactions have been good.
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