Yesterday the ex-mill tax-inclusive price of general carbon square billet 150*150mm in Tangshan, Changli and Qian’an were settled at RMB 3,060/MT, up RMB 10; Today, steel market in Changli area rebound by RMB 10 to report RMB 3,070/MT; Transactions on billet is modest on the whole after price upswing while the price of finished steels trends up. Mill direct sales are smooth.
The warehouse spot is mainly offered at RMB 3,150/MT tax-inclusive with some transactions. The billet inventory at warehouses of Xiangyu, Zhengfeng, Haiyi, Hongrun, Wuchan Zhenxiang totaled 547,500 MT (warehouse Sumec Xincheng temporarily without update), down 2,400 MT from a day earlier; Transactions on finished steel are modest on the whole amid rising prices, though certain resources are traded actively. It is expected that billet prices in the afternoon may go up.
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