Billet: Yesterday, the ex-factory price of general carbon billet in Tangshan, Changli and Qian’an was settled at RMB 3,550/MT up RMB 20. In the early morning, the Changli area led the gain of RMB 10 to report RMB 3,560/MT. The billet transactions are plain and the prices of finished products tend to go strong. Mill direct sales are passable. The ex-warehouse spot is at RMB 3,640-3,650/MT, tax-inclusive with some transactions on low-cost resources. The billet inventory at warehouses Xiangyu Zhengfeng and Haiyi Hongrunare 253,300 MT, down 10,600 MT. The overall shipment of finished products is somewhat weak, and it is expected that the price of billet may increase in the afternoon.
Construction steel: The mainstream construction steel on Tangshan market is stable. The market price of rebar HRB 400 of big specification is at RMB 3,970/MT, small specification at RMB 4,040/MT, while coiled rebar at RMB 4,080/MT. Transactions are plain.
HRC: Tangshan hot-rolled flat sheet rose by RMB 10, and price of 1,500mm wide flat sheet by first-tier steel mills is at RMB 3,900/MT, second-tier mills at RMB 3,890/MT, while Q 345 flat sheet at RMB 4,070/MT. Transactions are moderate.
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