04
Mar
06:04
Tangshan billet trade revives amid production control rumours
Rerollers in Tangshan purchased billet actively during the weekend due to production control rumours amid the Two Sessions meeting. Potential billet export tariffs are hovering.
Kallanish assessed the Tangshan spot market price increased CNY 10/tonne ($1.4/t) week-on-week to CNY 3,580/t, while the May rebar contract on the Shanghai Futures Exchange (SHFE) closed at CNY 3,762/t on Monday, up CNY 13/t over week. The ex-mill price of Tangshan billet stood at CNY 3,51…
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Anonymous
Very good overview of the weekly steel market.
Anonymous