Yesterday the ex-mill tax inclusive price of general carbon billet in Tangshan, Changli and Qian’an was settled at RMB 3,190/MT, up RMB 30 posting an increase of RMB 60 from last Friday’s level; In the afternoon, billet price slipped by RMB 20 to RMB 3,170/MT; Today, steel market tends to be stable with modest transactions on billets while prices of finished steel tend to dip. Mill direct delivery is smooth. The warehouse spot is mainly offered at RMB 3,270 – 3,280/MT tax inclusive with a few transactions amid cautious sentiments. The billet inventory at warehouses of Xiangyu zhengfeng, Haiyi Hongrun, Wuchan Zhenxiang and Sumec Xincheng totaled 907,700 MT, down 5,700tons from day earlier; the overall transactions on finished steel are modest though certain types traded actively.
Leave a Reply