Billet: Yesterday, the ex-factory price of general carbon billet in Tangshan, Changli and Qian’an was stabilized and settled at RMB 3,560/MT. In the early morning today, the Changli area led the gains of RMB 20 to reach RMB 3,580/MT. The billet transactions were plain and the mainstream price of finished product rose. Mill direct sales are smooth. The ex-warehouse spot is at RMB 3,660-3,670/MT tax-inclusive with some transactions seen on low-cost resources. The billet inventory at warehouses of Xiangyu Zhengfeng and Haiyi Hongrun is 245,900 MT, down 4,500 MT. Following the momentum of steel futures, the warehouse spot price stood firm. The overall shipments of finished steels are smooth. Some tentatively raised billet price to RMB 3,690/MT in the afternoon to find it difficult to make transitions.
Construction steel: Construction steel market in Tangshan is stable; the market price for rebar HRB 400 of big specification is at RMB 3,950/MT, small specification at RMB 4,020/MT, while coiled rebar at RMB 4,050/MT. Transaction has been active.
HRC: Mainstream hot-rolled flat sheet is stable in Tangshan, with price of 1500 mm wide flat sheet by first-tier steel mills at RMB 3,880/MT, second-tier steel mills at RMB 3,870/MT, and Q 345 flat sheet at RMB 4,040/MT. Transactions are sound.
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