Yesterday, the price of general carbon billet in Tangshan, Changli and Qian’an area was settled at RMB 3,490/MT ,ex-factory up RMB20/MT. Today, Qian’an area led a gain of RMB 10/MT to RMB 3,500/MT. The billet transaction is weak, while the prices of finished products mainly underwent slight decrease, though some went up. The specific transactions are as follows:
Billet: Mill direct sales are weak and ex-warehouse spot is at RMB 3,530-3,540/MT including tax, with some transactions. The inventory of billet warehouse Xiangyu Zhengfeng and Haiyi Hongrun totaled 774,400 tons, in Tangshan an increase of 5500 tons. The overall transaction of finished products is generally weak, and it is expected that the billet might go up this afternoon.
Construction steel: Mainstream price of construction steel in Tangshan market is stable, and the current market price of rebar HRB400 of big size is at RMB 3,910/MT, small size at RMB 3,930/MT. The transaction is somewhat weak.
HRC: Tangshan hot rolled coil market weakened slightly by RMB 10/MT, with 3.0mm coils at RMB 3,800/MT, mainstream 5.5mm flattened at RMB 3,780/MT, and Q345 flattened at RMB 3,940/MT in what seemed weak transactions.
Medium plate: The Tangshan mid-plate 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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