Billet: Yesterday the ex-factory price of general carbon billet in Tangshan, Changli and Qian’an was settled at RMB 3,510/MT, down RMB20. In the early morning, the Changli area led the gains of RMB 20, though the billet transactions were plain. However the finished product prices mainly on uptick. Mill direct sales acceptable. The ex-warehouse spot is at RMB 3,610-3,620/MT, tax-inclusive with some transactions seen on low-cost resources. The billet inventory at Xiangyu Zhengfeng and Haiyi Hongrun is 273,600 MT, down 10,500 MT. The overall shipment of finished products is smooth, and it is expected that the price of billets will increase in the afternoon.
Construction steel: Mainstream construction steel is stable.The market price of rebar HRB400 of big specification is at RMB 3,950/MT, small specification at RMB 4,030/MT, while coiled rebars at RMB 4,060/MT. Transaction is plain.
HRC: Hot-rolled flat sheet lowered by RMB 10 and price of 1,500mm wide flat sheet by first-tier mills is at RMB 3,880/MT, second-tier steel mills at RMB 3,870/MT, while Q 345 flat sheet at RMB 4,050/MT. Transaction is average.
Medium plate: Price of medium plate dropped slightly by RMB 10, with general carbon plate of 14-22mm mainly offered at RMB 3,940/MT, and low alloy plate at RMB 4,140/MT. Transaction is plain.
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