WEEKLY: Tangshan billet prices edge down further on week

Billet prices in Tangshan in North China's Hebei province dropped slightly again last week. On January 4, the first day back at work after China's New Year's Day holiday over January 1-3, Mysteel assessed the price of Q235 150mm square billet in the city at Yuan 2,930/tonne ($420/t) EXW including the 13% VAT, lower by Yuan 10/t on week.

On the supply side, the volume of billet sold or exported by the 21 steelmakers in Tangshan and the surrounding area regularly sampled by Mysteel remained largely steady on week, averaging 35,000 tonnes/day over December 26-31, nudging up by 0.3% on week. As for billet demand, local re-rollers returned their