25
Mar
10:24
Tangshan billet market improves slightly
Social inventories of Tangshan billet have fallen further as end users restocked actively last week amid rebounding futures. But the market has slowed down since last Friday, as rerollers' margins started to be squeezed by higher billet prices.
Kallanish assesses that spot Tangshan billet stood at CNY 3,470/tonne ($481/t ) on Monday, up CNY 80/t on-week, while the May rebar contract on the Shanghai Futures Exchange (SHFE) closed at CNY 3,585/t, up CNY 70/t. Ta…
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Anonymous
Very good overview of the weekly steel market.
Anonymous