Billet offers in Northern China show upward trend after being stable from sometime. This was due to finished steel products price rise.
Most of the traders had put sales on hold from last week as there was no change in prices. And also because they had purchased material at higher prices, which will result in making a loss if they sell at lower prices. But now, that offers have increased, they plan to make sales.
Current offers in Tangshan city for 150*150 mm Q235 Billet from local mills gained RMB 30/t and is standing at RMB 3,610/t (Ex works prices including 17% VAT on cash payment basis).
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