WEEKLY: Billet consumption in Tangshan slumps, output edges up

Billet consumption among re-rollers in Tangshan city in North China's Hebei province slumped on week during the National Day holiday over October 1-8, while billet output among the local steel mills remained largely steady.

Daily billet consumption among the 34 local re-rollers Mysteel follows averaged 24,000 tonnes/day over October 1-8, slumping by 36.7% or 13,900 t/d on week from the pre-holiday level, Mysteel data shows. The plunge in billet consumption reflected the fact that some re-rollers had halted operations to enjoy the holiday break,