The Ex-factory price of general carbon billet in Tangshan ,Changli and Qian’an areas was settled down at RMB 3,540/MT ,down RMB 20/MT yesterday. Today, the transaction on billet is moderate, and the price of finished products continues to decline. The specific transactions are as follows:
Billet: Mill direct sale of billet is in moderate quantity. The Ex-warehouse spot is offered at RMB 3,590-3,600/MT tax-included, with some transactions. The billet inventory at warehouses Xiangyu Zhengfeng and Haiyi Hongrun totaled 448,200 tons, down 22,000 tons. The Futures steel price lingers at a low level, and the spot traders still hold waiting attitude given that there is no turn-around in finished products after price decline. It is expected that the billet price may drop by RMB 10-20/MT in the afternoon.
Construction steel: Mainstream construction steel in Tangshan market dropped by RMB 10-20/MT, with the current market price of HRB400 of big specification offered at RMB 4,040/MT, small specification at RMB 4,140/MT, and coiled rebar at RMB 4,230/MT.
HRC: The hot-rolled flattened coil inched down by RMB 10/MT, and 1500mm wide flat sheet by first-tier steel mills is at RMB 3,930/MT, second-tier steel mills at RMB 3,920/MT, and Q345 flattened at RMB 4,090/MT. Transaction is weak.
Medium plate: The price of medium plate weakened by RMB 10/MT to see the mainstream of the general carbon plate 14-22-22mm stand at RMB 4,000/MT, and the low alloy plate at RMB 4,200/MT. Transaction is somewhat weak.
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