WEEKLY: Restocking demand firms Tangshan billet prices

Billet prices in Tangshan in North China's Hebei province continued strengthening during June 5-11 as local re-rollers in the city were actively procuring billet to replenish their feed stocks, Mysteel Global learned.

As of June 11, Mysteel's assessment of the Q235 billet price in Tangshan had strengthened by Yuan 40/tonne ($5.6/t) from June 4 to reach Yuan 3,540/t EXW and including the 13% VAT, allowing more billet makers to enjoy healthy margins. The average profit earned by the ten integrated mills in