WEEKLY: Tangshan billet prices drop $22/t WoW

Billet prices in Tangshan in North China's Hebei province lost ground last week, according to Mysteel's weekly survey, in tandem with the slides in Chinese ferrous futures prices and tepid billet trading.

As of March 31, the Tangshan Q235 150mm square billet price under Mysteel's assessment had lost Yuan 160/tonne ($22.1/t) on week to reach Yuan 3,250/t EXW and including the 13% VAT. During the survey period, re-rollers in Tangshan saw their operational rate decline on week – as they responded to