20
May
09:15
Traders dominate Tangshan billet market
Traders have been active in Tangshan billet markets amid volatile futures prices. Meanwhile, re-rollers struggled to follow the price rally due to poor rerolling margins.
Spot Tangshan billet on Monday afternoon was assessed at CNY 3,590/tonne ($494/t), up CNY 40/t on-week. The October rebar contract on the Shanghai Futures Exchange (SHFE) meanwhile closed at CNY 3,735/t, up CNY 49/t. The ex-work price of billets was lifted to CNY 3,520/t, up CNY 50/t on-week.
As…
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Anonymous
Very good overview of the weekly steel market.
Anonymous