12
Aug
11:06
Bargain-hunting lulls in Tangshan billet market
The Tangshan billet ex-works price hit the lowest in four years on Monday afternoon. Speculative trading became sluggish amid pessimistic market sentiment.
The spot Tangshan billet price was assessed at CNY 3,080/tonne ($429/t), down CNY 130/t week-on-week, as the October rebar contract on the Shanghai Futures Exchange (SHFE) dropped CNY 145/t. The discount for billet to SHFE rebar only reduced by CNY 10/t amid a slumping futures market, showing extremely weak ma…
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Anonymous
Very good overview of the weekly steel market.
Anonymous