05
Feb
09:17
Tangshan billet remains weak amid pending orders
Market inventories of Tangshan billet have kept piling up despite lower local supply, as many rerollers stopped production. However, there are still pending orders of billet below the spot price.
Kallanish assessed that the Tangshan billet spot price was CNY 3,620/tonne ($505/t) and the ex-works price was CNY 3,550/t on 5 February, both down CNY 100/t week-on-week. The May rebar contract on the Shanghai Futures Exchange (SHFE) slumped faster than the spot market a…
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Anonymous
Very good overview of the weekly steel market.
Anonymous