Yesterday, the price of general carbon billet in Tangshan, Changli and Qian’an was settled at RMB 3, 450/MT ex-factory, down RMB 10/MT. Today, the transaction of billet has been plain, and the prices of mainstream finished product tend to turn down though individual stabilized. The specific transactions are as follows:
Billet: Mill direct sale is relatively weak. Spot is at RMB 3, 490-3,510/MT on ex-warehouse basis including tax, with some have transactions. The billet inventory at warehouses of Xiangyu Zhengfeng and Haiyi Hongrun in Tangshan is totaled 806,800 tons, down 4,800 tons. The overall transaction of finished products is somewhat weak, and it is expected that the billets will fall by RMB 10-20/MT in the afternoon.
Construction steel: Mainstream price of construction steel in Tangshan market reduced by RMB 10/MT, with the current market price of rebar HRB400 of big specification at RMB 3,880/MT, small specification at RMB 3,910/MT, while coiled rebar at RMB 3,970/MT. The trading performance is weak.
HRC: Tangshan HRC market weakened slightly by RMB 10/MT, and 3.0mm coils is at RMB 3,780/MT, mainstream price of 5.5mm flattened at RMB 3,760/MT, and Q345 flattened at RMB 3,920/MT. Transaction has been relatively weak.
Medium plate: Tangshan mid-plate market dropped by RMB10, with current price of general carbon plate 14-22mm reported at RMB 3, 930/MT, low alloy plate at RMB 4,130/MT. Transaction is somewhat weak.
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