Billet: Yesterday, the ex-factory price of general carbon square billet in Tangshan and Changli was settled at RMB 3,340/MT, down RMB 50/MT from last week closing and RMB 10/MT from yesterday; today, steel market tends to slow down its operation and overall transactions on billet is tepid while price of finished steel is largely stable, though certain resources go weak. Mill direct sales are somewhat weak. The ex-warehouse spot price is offered at around RMB 3,400/MT tax-included with a few transactions. The billet inventory at warehouses of Xianggu Zhengfeng and Haiyi Hongrun is 124,300 MT, up 4,900 MT from last day. The transactions on finished steel Is somewhat weak and it is expected that billet price in the afternoon may remain stable or drop RMB 10/MT.
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