The general carbon steel billet in Changli and Qian’an areas is at locked price RMB 3,430/MT ex-factory cash including tax till Feb 10th,2019. The steel market is almost to the edge of shutdown ahead holidays and the mainstream price of finished products is stable. The specific transactions are as follows:
Billet: Mill direct sale is acceptable. There is virtually no quotation for warehoused spot in overall intense holiday atmosphere.
Construction steel: Tangshan market is stable, and the current HRB400 of big size in the market is RMB 3,720, small size at RMB 3,760, while coiled rebar at RMB 3,780/MT with poor transactions.
Section steel: Section steel in Tangshan is stable. The current mainstream price of I beams is at RMB 3,780, the channel at RMB 3,780-3,800/MT and the angle at RMB 3,850. The market gradually enters the still state with reduced number of offers, and the rolling mills stop operation one by one.
HRC: Tangshan market is stable, and 3.0mm coils are at RMB 3,700, 5.5mm flattened at RMB 3,680, and Q345 flattened at RMB 3,840.
Medium plate: Tangshan mid-plate market is stable, and now 14-22mm general plate is reported at RMB 3,820, and low alloy plate at RMB 4,020.
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