Billet: Yesterday, the ex-factory price of general carbon square billet in Tangshan, Changli was settled at RMB 3,420/MT, down RMB 20; while the same in Qian’an area was settled at RMB 3,440/MT, stable. Today steel market tends to go weak with plain transactions on billet and prices of finished steel slightly moved down. Mill direct sales are general. The ex-warehouse spot price is offered at RMB 3,480/MT tax-included with a few transactions. The billet inventory at warehouses of Xianggu Zhengfeng and Haiyi Hongrun is 289,500 MT, up 4,900 MT from yesterday. The overall transactions on finished steel are weak and it is expected that billet price in the afternoon may turn down RMB 10-20.
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