27
Nov
05:35
Weak fundamentals keep Tangshan billet market dull
Sluggish demand for Tangshan billet and strong raw materials prices have suppressed billet-making margins. Any decline in supply has yet to turn around weak fundamentals.
Kallanish notes that Tangshan billets prices dropped CNY 10/tonne ($1.4/t) week-on-week to CNY 3,740/t on 24 November, while the January rebar contract on the Shanghai Futures Exchange fell CNY 7/t w-o-w at Friday market close. At the same time, mills lowered ex-works billet prices CNY 30/t on-we…
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