Billet: Yesterday the ex-mill tax-inclusive price of general carbon billet in Tangshan, Changli and Qian’an was settled at RMB 3,040/MT, up RMB 10-40; Today, Changli area cumulatively posted an increase of RMB 40 to report RMB 3,080/MT. Transactions on billets after price hike is modest on the whole while prices of finished steel tend to go strong. Mill’s direct delivery is smooth. The warehouse spot is mainly offered at RMB 3,170/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 1.0384 MnT, down 10,000 MT from a day earlier; the overall transactions on finished steel are smooth and it is expected that billet price in the afternoon may go up.
Leave a Reply