Billet: Yesterday, the ex-factory price of general carbon square billet in Tangshan, Changli and Qian’an was settled at RMB 3,360/MT, up RMB 20; in today’s morning session, the price of billet in Changli area marked up by RMB 20 to RMB 3,380/MT. Transactions after price uptick were lack-luster and price of finished steel trends up. Mill direct sales are smooth. The ex-warehouse spot price is offered at around RMB3, 450-3,460 tax-included with some transactions on low resources. The billet inventory at warehouses of XiangyuZhengfeng and HairunHongyi is 129,800tons, down 4,600tons from yesterday. The overall trading of finished steel is moderate with upward prospectand it is expected that billet price in the afternoon may go up.
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