WEEKLY: Tangshan billet price drops $13/t on week

Billet prices in Tangshan city in North China's Hebei Province decline during September 22-28, with Mysteel assessing Q235 150mm square billet price in the city lower by Yuan 90/tonne ($13/t) on week at Yuan 2,970/t EXW including the 13% VAT on September 28.

Billet production rose again during the survey week, even though the profits that steelmakers could earn from billet sales contracted once again. During September 22-28, the mills in Tangshan city under Mysteel's tracking could only earn a small Yuan 4/t from selling their semis, compared with Yuan 54/t during