05
Aug
11:41
Tangshan billet market demand is sluggish
Restocking demand for billet remained sluggish in Tangshan, and market inventories increased despite declining local supply. Liquidity in the forwards market was poor as well with few offers.
Spot Tangshan billet was assessed at CNY 3,210/tonne ($450/t) on Monday afternoon, down CNY 10/t on-week. The October rebar contract on Shanghai Futures Exchange (SHFE) however rose CNY 4/t on-week and the spread between the January contract and October grew, showing the subd…
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Anonymous
Very good overview of the weekly steel market.
Anonymous