02
Jan
09:17
Tangshan billet end users quiet, traders remain active
Tangshan billet market fundamentals remain weak as end users are still facing production controls. Meanwhile, traders have become more active after the New Year holiday.
Kallanish assessed Tangshan spot traded billet at CNY 3,760/tonne ($526.88/t) and mill ex-works billet at CNY 3,690/t on 2 January, the first working day of 2024, up CNY 20/t and CNY 30/t week-on-week respectively. Meanwhile, the May rebar contract on the Shanghai Futures Exchange (SHFE) closed at…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous