13
Nov
08:59
Weak fundamentals drag Tangshan billet price
With supply pressure continuing and end users in wait-and-see mode, China’s Tangshan (TS) billet market prices increased by less than rebar futures on the Shanghai Exchange last week, Kallanish notes.
TS billet prices rose CNY 70/tonne to CNY 3,690/t ($506/t), with activity subdued, as the January rebar contract on the Shanghai Exchange – SHFE Rebar01 – increased CNY 74/t. TS mills raised billet CNY 80/t last week to CNY 3,630/t ex-works but buye…
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Anonymous
Very good overview of the weekly steel market.
Anonymous