29
Apr
12:00
Tangshan billet market loses steam before holiday
Volatility in the Tangshan billet market subsided on Monday due to the approaching Labour Day Holiday. Restocking demand before the holiday was sluggish amid a tedious futures market and poor rerolling margins.
Kallanish assessed Tangshan billet spot prices on Monday afternoon at CNY 3,530/tonne ($487.3/t), flattish over a week. The October rebar contract on the Shanghai Futures Exchange (SHFE) closed at CNY 3,675/t on Monday, up CNY 5/t on-week. The ex-works pric…
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Anonymous
Very good overview of the weekly steel market.
Anonymous