11
Mar
09:37
End users restock cheap Tangshan billet
Sentiment in the Tangshan billet market remains weak amid slumping futures, so speculation is giving little support to the spot market. End users purchased at lower prices according to their finished product sales. Poor margins limit export opportunities.
Kallanish assesses that Tangshan billet spot prices stood at CNY 3,470/t ($483/t) on Monday, down CNY 110/t on-week while the May rebar contract on the Shanghai Futures Exchange (SHFE) dropped CNY 156/t over week…
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Anonymous
Very good overview of the weekly steel market.
Anonymous