17
Jun
10:41
Tangshan billet market is dull amid sluggish demand
The Tangshan billet market saw subdued spot activity due to softening demand of rerollers' finished products. Meanwhile, the forward market saw slightly more transactions between traders.
Spot Tangshan billet was assessed on Monday afternoon at CNY 3,450/tonne ($475/t), flat over a week. But the discount of the spot price to futures, around CNY -160/t, was at least CNY 10/t more than last week as the October rebar contract on the Shanghai Futures Exchange (SHF…
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Anonymous
Very good overview of the weekly steel market.
Anonymous