Yesterday the ex-mill, tax-inclusive price of general carbon billet in Tangshan, Changli, and Qian’an was settled at RMB 3,090/MT, up RMB 10; In the morning today, the steel market is in weak consolidation while the price of finished steel inclines to dip. Mill’s direct dispatch is smooth. The warehouse spot is mainly offered at RMB 3,150/MT tax-inclusive with cautious transactions. The billet inventory at warehouses of Xiangyu Zhengfeng, Haiyi Hongrun, Wuhan Zhenxiang totaled 449,700 MT, down 3,900 MT from a day earlier. The price of finished steel tends to go low and transactions are modest overall; In the afternoon the billet price is down RMB 10 to report RMB 3,080/MT.
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