Billet: Yesterday, the ex-factory price of general carbon billet in Tangshan, Changli and Qian ‘and was settled at RMB 3,420/MT up RMB 10. In the morning today Qian’an area took the lead to gain RMB 20 reporting at RMB 3,440/MT. The billet transactions are moderate while the prices of finished products tend to go up. Mill direct sales are passable. The ex-warehouse spot is offered at RMB 3,520/MT tax-inclusive with a few transactions. The billet inventory at warehouses of Xingu Zheng Feng and Haiyi Hongrun is 300,400 MT, an increase of 10,300 MT. The overall transactions of finished products are passable, and it is expected that the low-priced billets will rise by RMB 20 in the afternoon.
Construction Steel: Mainstream construction steel market in Tangshan rose by RMB 10-30, to see the current market price for rebar HRB 400 of big specification being at RMB 3,720/MT, small specification at RMB 3,820/MT, while coiled rebar at RMB 4,000/MT. Transactions are sound.
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