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Mar.22.2019 1USD=6.6944RMB
  SteelHome >>Raw Material>>Market Info>>Daily Express
 
SteelHome Express: Tangshan Billet Price Headed up

//en.steelhome.cn [SteelHome] 2019-03-14 09:57:16

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Ex-works price of common carbon billet in Tangshan city rose by 30 yuan to 3470 yuan per ton on Wednesday.

The strip price in the city moved up by 30-50 yuan per ton, with weak transactions. Section products mainly kept stable, with a few quotation rising by 10 yuan per ton.

In billet market, suppliers quoted 3550-3560 yuan per ton. The transactions only increased at lower quotation offered by suppliers.

Most of rolling plants are stopping operation. A few of them purchased billet for restocking, in spite of unsettled ramp-up schedule.

Billet producers were quite bullish on the market as the market was covered by more stringent environmental protection move conducted by government.

Billet suppliers to the market decrease as increasing producers are arranging the maintenance.

SteelHome believes that billet price will remain strong in short run.

Links:

Market price of Tangshan billet on Mar 13,19(new)

Market price of Tangshan billet on Mar 14,19(new)


(To contact the reporter on this story: tina.tong@steelhome.cn or 86-21-50585733)
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