Billet: Yesterday the ex-mill tax-inclusive price of general carbon billet in Tangshan and Changli was settled at RMB 3,000/MT, down stable while the same in Qian’an settled at RMB 3,030/MT, stable. Today, the Changli area cumulatively posted an increase of RMB 40 to report RMB 3,040/MT. Transactions on billets after price hike is modest on the whole while prices of finished steel tend to go strong amid beefed up futures. Mill’s direct delivery is smooth. The warehouse spot is mainly offered at RMB 3,110-3,120/MT tax-inclusive with some deals on low-cost resources. The billet inventory at warehouses of Xiangyu zhengfeng, Haiyi Hongrun, Wuchan Zhenxiang, and Sumec Xincheng totaled 1.0484 MnT, up 3,700 MT from day earlier; price of finished steels are generally up and transactions active on the whole, showing notable rebound from last week; It is expected that billet price in the afternoon may stable or go up.
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