WEEKLY: Tangshan billet price rises further on week

Warming market sentiment led billet prices in Tangshan in North China's Hebei province to strengthen further over October 27-November 2, with Mysteel assessing the price of Q235 150mm square billet in the city higher by Yuan 20/tonne ($3/t) on week at Yuan 2,970/t EXW including the 13% VAT on November 2.

The improvement in market sentiment stemmed from the easing of China-US trade friction last week which helped buoy markets generally in China, as reported. The brighter mood led some end-users to restock billet, driving down billet inventories held by traders on week, according to Mysteel's weekly report. The total billet