Billet: Yesterday the ex-factory price of general carbon billet in Tangshan, Changli and Qian’an areas was settled at RMB 3,640/MT, up RMB 10. In the early morning, the billet price in Changli area rose by RMB 10 to RMB 3,650/MT. After the uptick, the transactions on billet are still smooth, and the price of finished product goes strong tentatively. Mill direct sales are smooth. The ex-warehouse spot is offered at RMB 3,710-3,720/MT tax-inclusive with a few transactions. The billet inventory at warehouses of Xiangyu Zhengfeng and Haiyi Hongrun is 360,400 MT, down 15,200 MT. The overall trading on finished products is active, regardless of moderate transactions on certain variety. It is expected that the price of billets will increase in the afternoon.
HRC: Price of hot rolled flat sheet in Tangshan rose by RMB 10 and 1500mm wide flat sheet by first-tier steel mills is at RMB 3,860/MT, second-tier steel mills at RMB 3,850/MT, while Q 345 flat sheet at RMB 4,030/MT. Transactions are moderate.
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