08
Jan
06:37
Tangshan billet remains inactive amid weak fundamentals
The Tangshan billet market remains gloomy as end users have become more cautious in restocking while rebar futures prices decreased steadily since last Thursday.
Kallanish assesses the Tangshan billet spot price dropped CNY 70/tonne ($9.8/t) on-week to CNY 3,690/t on Monday. Some traders offered at CNY 3,695/t after the Shanghai Futures Exchange (SHFE) closed at 3pm. The ex-mill price went down CNY 60/t on-week to CNY 3,630/t, with a CNY 10/t decrease during the w…
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