Billet: Yesterday the ex-factory price of general carbon billet in Tangshan, Changli areas was settled at RMB 3,600/MT, up RMB 20 while the same in Qian ‘an area was at RMB 3,610/MT up RMB 30. Today, the steel market slows down, with the billet transaction being weak and finished product prices falters in downward track. Mill direct sales are general. The ex-warehouse spot is at RMB 3,670/MT tax inclusive with a few transactions. The billet inventory of Xiangyu Zhengfeng and Haiyi Hongrun is at RMB 379,400 MT, an increase of 5,200 MT. The mainstream price of finished products has stabilized though certain resources tend to go lower under the backdrop that manufacturers hold firm ground on price with overall transactions being weak. It is expected that the billet will be stable in the afternoon.
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