Market Insights
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Billet prices in Tangshan in North China's Hebei province continued to retreat amid a growing supply-demand mismatch this week, with Mysteel assessing the price of Q235 150mm square billet in the city on February 13 at Yuan 2,900/tonne ($420/t) EXW including the 13% VAT, down by Yuan 10/t on
Daily crude steel output among the member mills of the China Iron and Steel Association (CISA) averaged 1.95 million tonnes/day during February 1-10, edging up by 0.6% or by 11,000 t/d from the last 11 days in January, according to the latest release from the association on February 13.
Indonesia's coal miners holding first-generation Coal Mining Concession Agreements (PKP2B), along with state-owned producers operating under Mining Business Licenses, have been instructed to supply a total of 75 million tonnes under the country's Domestic Market Obligation (DMO) scheme this year, ac
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