WEEKLY: Tangshan billet prices rebound on week

Billet prices in Tangshan in North China's Hebei province recovered slightly over November 10-16 after their drop the previous week, with Mysteel assessing the price of Q235 150mm square billet in the city some Yuan 20/tonne ($3/t) higher on week at Yuan 2,950/t EXW including the 13% VAT on November 16.

Daily billet output among the 22 local steelmakers Mysteel follows rose for a second week as some mills resumed operations during the week, according to Mysteel's weekly report. The average came in at 38,800 tonnes/day over November 7-13, up by 18.3% or 6,000 t/d on week. Most re-rollers in Tangshan