Price of general carbon billet in Tangshan,Changli and Qian’an was settled at RMB 3,430/MT ex-factory, down RMB 30/MT against last week. Today, the steel market tends to weak consolidation, with plain transactional performance in billets and weak operation of finished products, of which some individual rose and fell back. The specific transactions were as follows:
Billet: Mill straight shipment is still acceptable, some marking up RMB 10/MT; warehoused spot is in center of bullish sentiments with some offering RMB 3,530/MT with firm standing. The overall transaction of downstream finished products is generally weak, and it is expected that the billet might stay stable in the afternoon.
Construction steel: Construction steel market is stable, and price of rebar HRB400 of big size at RMB 3,900/MT, small size at RMB 3,910/MT, and coiled rebar at RMB 3,940/MT.
HRC: Some of HRC products slide down RMB 10/MT in price, and 3.0mm coil is at RMB 3,770/MT, mainstream 5.5mm flattened at RMB 3,750-3,760/MT and Q345 flattened at RMB 3,920/MT.
Medium plate: The mid-board market has dropped slightly by RMB 10/MT, and the current mainstream of 14-22mm is reported at RMB 3,920/MT, and the low-alloy plate at RMB 4,120/MT.
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