22
Jul
11:27
Rerollers return to Tangshan billet market
Rerollers in Tangshan gradually returned to work from last weekend although many of them only resumed night shifts. The spot billet discount from futures became smaller amid slumping rebar futures.
The spot price of Tangshan billet was assessed at CNY 3,310/tonne ($455/t) on Monday, down CNY 90/t week-on-week. The October rebar contract on Shanghai Futures Exchange (SHFE) meanwhile dropped CNY 100/t. July-end and August delivered billet was sold CNY 10/t higher th…
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Anonymous
Very good overview of the weekly steel market.
Anonymous