01
Jul
08:29
Tangshan billet remains subdued on sluggish demand
The spot Tangshan billet market has remained weak, mainly due to sluggish demand. Liquidity in the forward markets meanwhile was thin due to the deep contango of the futures market.
The price of Tangshan spot billet was assessed at CNY 3,390/tonne ($466/t) on Monday afternoon, up CNY 30/t on-week. This followed the October rebar contract on the Shanghai Futures Exchange (SHFE), which increased by the same amount on-week.
Many rerolling lines remain suspended due…
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Anonymous
Very good overview of the weekly steel market.
Anonymous