WEEKLY: Tangshan billet price falls $11/t on week

After rising firmly in previous weeks, billet prices in Tangshan in North China's Hebei province experienced sharp fluctuations and ended significantly lower on week during July 28-August 3, Mysteel's survey showed.

On August 3, the price of Q235 150mm square billet in Tangshan, a bellwether of domestic steel-market sentiment, was assessed by Mysteel at Yuan 3,030/tonne ($420.2/t) EXW and including the 13% VAT, lower by Yuan 80/t or 2.6% from a week earlier. Billet prices were dragged lower by prices of