Yesterday the ex-mill tax-inclusive price of general carbon billet in Tangshan, Changli and Qian’an were settled at RMB 3,120/MT, stable; Today, the steel market is weak and transactions on billet are modest on the whole after price change while the price of finished steel tends to dip. Mill’s direct sales are weak. The warehouse spot is mainly offered at RMB 3,150/MT tax-inclusive with some transactions. The billet inventory at warehouses of Xiangyu, zhengfeng, Haiyi Hongrun, Wuchan Zhenxiang, and Sumec Xincheng totaled 803,200 MT, down 9,200 MT from a day earlier; the overall transactions on finished steel are somewhat weak and billet price in the afternoon may fall by RMB 30-40.
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