The price of general carbon steel billet in Tangshan, Changli and Qian’an yesterday were settled at RMB 3,440/MT ex-factory. Today, the steel market is weak, and the billet transaction turned down and the prices of finished products tend to slip. The specific transactions are as follows:
Billet: Mill straight shipment is weak, and the price of warehoused spot is reduced from RMB 3,480/MT in the morning to RMB 3,460/MT with a few transactions. The overall transaction of the finished products is thin and it is expected that the steel billets will fall by about RMB 40 in the afternoon.
Construction steels: Construction steel market of Tangshan saw price retraction of RMB10 with current market price for rebar HRB400 of big size at RMB 3,810, and small size at RMB 3,880,while coiled rebar at RMB 3,910 in an overall plain performance of transaction.
HRC: HRC market price dropped by RMB 30, and 3.0mm coils is at RMB 3,710, 5.5mm flattened is reported at RMB 3,690, while Q345 flattened at RMB 3,850,.
Section Steel: Section steel in Tangshan is weak overall, and the price is dialed down in the market. The current mainstream quotation is at RMB 3,770-3,790 for I beams, and the channel is at RMB 3,760-3,780, and the angle is at RMB 3,840-3,880. After the drop, the trading atmosphere has not improved, and the overall transaction is still few.
Medium plate: The market price of mid-plate dropped by RMB 10, and now the mainstream 14-22mm is at RMB 3,840, while the low alloy plate is at RMB 4,040.
Leave a Reply