Billet: Yesterday, the ex-factory price of general carbon billet in Tangshan Changli and Qian’an increased by RMB 20 to reach RMB 3,580/MT. In the early morning, the Changli area led the gains of RMB 20 to RMB 3,600/MT. The billet transactions were moderate, and the prices of finished products tend to go up. Mill direct sales are passable. The ex-warehouse spot is at RMB 3,680-3,690/MT tax-inclusive, with some transactions. The billet inventory at warehouses of Xiangyu Zhengfeng and Haiyi Hongrun is 239,100 MT, down 6,800 MT. The overall shipment of finished products is weak.
Construction steel: The mainstream construction steel in Tangshan rose in the range of RMB 20-30. The current market price of rebar HRB 400 of big specification is at RMB 3,970/MT, small specification at RMB 4,040/MT, while coiled rebar at RMB 4,080/MT. Transaction is moderate.
HRC: Hot-rolled flat sheet in Tangshan rose by RMB 10 compared with yesterday and the 1500 mm general carbon flat sheet by the first-tier steel mill is RMB 3,900/MT, the second-tier steel mill at RMB 3,890/MT and the Q 345 flat sheet is RMB 4,070/MT. Transactions are plain.
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