08
Apr
09:17
Rerollers restock actively in Tangshan billet market
Rerollers purchased billets actively in Tangshan after the holiday, amid climbing futures prices on Monday.
Kallanish assesses Tangshan billet spot prices at CNY 3,430/tonne ($474/t) on Monday afternoon, up CNY 90/t week-on-week. The October rebar contract on the Shanghai Futures Exchange (SHFE) increased CNY 68/t w-o-w. One main supplier increased its ex-works price of billet by CNY 40/t on-week to CNY 3,340/t. A CNY 60/t hike on Monday made up for a CNY 20/t cu…
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Anonymous
Very good overview of the weekly steel market.
Anonymous