The price of general carbon billet in Tangshan, Changli and Qian’an was settled at RMB 3,500/MT, ex-factory, up RMB 10/MT from Friday. Today, the steel market is weak, and the billet transaction is slow, while the mainstream prices of finished product tend to go down. The specific transactions are as follows:
Billet: Mill direct sales are weak, and a few transactions concluded on warehoused spot at RMB 3,550-3,560/MT, ex-warehouse,inclusive of tax. The stock of warehouses Xiangyu Zhengfeng and Haiyi Hongrun totaled 681,400 tons, an increase of 14,900 tons. The overall transaction of finished products is weak, and it is expected that the billet will remain stable in the afternoon.
Construction steel: Mainstream price in Tangshan construction steel market increased RMB 20-40/MT, and the current market price for rebar HRB400 of big size is at RMB 3,900/MT, small size at RMB 3,920/MT while coiled rebar at RMB 3,960/MT.
Section steel: Tangshan section steel is stable in the morning, and the price dropped by RMB 10-20/MT following struggling transaction. The current mainstream price of I beam is RMB 3,820/MT. The price of H steel is stable with the mainstream price offered at RMB 3,740-3,750/MT, the channel at RMB 3,820-3,840/MT, and the angle at RMB 3,870-3,880/MT. Transactions are seen in some low-price resources and the overall performance is weak.
HRC: Tangshan HRC market fell by RMB 10-20/MT from last week, with 3.0 mm coil offered at RMB 3,820/MT, mainstream price of 5.5mm flattened at RMB 3,800/MT, and flattened Q345 at RMB 3,960/MT.
Medium plate: The mid-plate market in Tangshan has dropped slightly by RMB 10/MT. Now the mainstream price of 14-22mm is at RMB 3,940/MT, and the low-alloy plate at RMB 4,140/MT.
Leave a Reply