26
Feb
09:38
Tangshan billet market recovers amid weak sentiment
Rerollers have returned to work in Tangshan after the holiday but remain cautious in restocking amid slumping futures markets. Traders are more active in forward markets.
Kallanish assessed the Tangshan spot billet market price stood at CNY 3,570/tonne ($496/t), down CNY 50/t on-week. The May rebar contract on the Shanghai Futures Exchange (SHFE) declined CNY 59/t on-week to CNY 3,749/t at Monday market close. Steelmakers in
Tangshan cut the ex-works price of bi…
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Anonymous
Very good overview of the weekly steel market.
Anonymous