Billet: Yesterday, the ex-factory price of general carbon billet in Tangshan, Changli and Qian’an was settled at RMB 3,620/MT. In the early morning, some steel mills in Changli area increased their price by RMB 10 to RMB 3,630/MT. After the uptick, the billet transactions are mediocre, and the prices of finished products tentatively went up. Mill direct sales are moderate. The ex-warehouse spot is offered at RMB 3,700/MT with a few transactions. The billet inventory at warehouses of Xiangyuzhengfeng and Haiyihongrun is 312,300 MT, down 14,900 MT. The price of finished steels went up slightly and transactions are active on the whole. It is expected that billet price in the afternoon may go up.
Construction Steel: Mainstream construction steel in Tangshan is stable, to see the current market price of rebar HRB 400 of big specification stand at RMB 3,880/MT, small specification at RMB 4,090/MT, and coiled rebar at RMB 4,200/MT. Transactions are active.
HRC: Price of hot rolled flat sheet in Tangshan is stable and 1500 mm wide general carbon flat steel by first-tier steel mill is at RMB 3,860/MT, second-tier steel mill at RMB 3,850/MT, while Q 345 flat sheet is at RMB 4,030/MT. Transactions are sound.
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