Billet: Yesterday, the ex-factory price of general carbon square billet in Tangshan, Changli and Qian’an was settled at RMB 3,460/MT, stable; today, the steel market run stable with plain transactions on billet and the price of finished steel marginally slips. Mill direct sales are smooth. The ex-warehouse spot price is offered at around RMB 3,570/MT tax-included with some transactions. The billet inventory at warehouses of Xiangyu Zhengfeng and Hairun Hongyi is 70,900 MT, up 3,100 MT from last working day. The overall trading of finished steel is somewhat weak. It is expected that billet price may either stay stable or go down by RMB 10 late today.
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