WEEKLY: Tangshan billet prices retreat by $3/t on week

Billet prices in Tangshan in North China's Hebei province lost ground last week, with Mysteel's assessment of the price of Q235 150mm square billet in the city dropping by Yuan 20/tonne ($2.8/t) on week to sit at Yuan 2,970/t EXW including the 13% VAT as of December 7.

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 32,000 tonnes/day over November 28-December 4, dropping for the third consecutive week. On the demand side, some re-rollers started to conduct maintenance as their