Billet: Yesterday, the ex-factory price of general carbon billet in Tangshan, Changi and Qian ‘an areas was settled at RMB 3,540/MT, up RMB 10. In the early morning, the Changi area led the gains of RMB 10 to report to RMB 3,550/MT. The billet transactions are insufficient and the prices of finished products are in disarray. Mill direct sales are moderate. The ex-warehouse spot is offered at RMB 3,620-3,630/MT tax-inclusive with difficulty for transactions. The billet inventory at warehouses of Xiangyu Zhengfeng and Haiyi Hongrun is 183,400 MT, down 9,000 MT. The overall shipment of finished products is weak, though some resources are acceptable. In the afternoon, the warehouse spot is generally offered at RMB 3,610-3,620/MT with most transactions done on low-price amid wary market sentiments.
Construction steel: The mainstream construction steel market is stable, and the current market price of rebar HRB 400 of big specification is at RMB 3,910/MT, small specification at RMB 4,000/MT, while coiled rebar increased by RMB 20 to RMB 4,080/MT. Transactions are moderate.
Leave a Reply