24
Jun
08:20
Tangshan billet struggles with poor demand
Tangshan billet prices fell over last week and came close to this year's lowest level seen in March. Market sentiment may be boosted by the approaching third plenary meeting of the Central Committee of the Communist Party of China in July, but subdued finished steel sales are limiting any optimism.
Tangshan billet spot prices were assessed at CNY 3,360/tonne ($463/t) on Monday afternoon, down CNY 90/t on-week. The discount of the spot price of billet to the Oc…
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Anonymous
Very good overview of the weekly steel market.
Anonymous