WEEKLY: Tangshan billet prices rise by $6/t on week

Billet prices in Tangshan in North China's Hebei province strengthened last week, with Mysteel's assessment of the price of Q235 150mm square billet in the city rising by Yuan 40/tonne ($5.7/t) on week to reach Yuan 2,990/t EXW including the 13% VAT as of November 30.

Mysteel's survey on the 21 steelmakers in Tangshan and the surrounding area showed that their combined external sales of billets – including export orders - averaged 34,600 tonnes/day over November 21-27, largely steady compared to the week prior. On the demand front, some local re-rollers continued to ramp up steel