Billet: Yesterday the ex-factory price of general carbon billet in Tangshan and Changli was settled at RMB 3,600/MT, while the same in Qian’an was at RMB 3,610/MT. Today, the steel market tends to pick up with passable billet transactions and varied trends of finished product prices. Mill direct sales are smooth. The ex-warehouse spot is at RMB 3,710/MT including tax in active trading atmosphere. The billet inventory at warehouses of Xiangyuzhengfeng and Haiyi Hongrun is 386,100 MT, an increase of 6,700 MT. The mainstream price of finished products rose slightly, though individual resources weakened. The overall transactions are tepid.
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