WEEKLY: Tangshan billet prices drop further on week

Billet prices in Tangshan in North China's Hebei province slipped further on week, with Mysteel assessing the price of Q235 150mm square billet in the city on January 25 at Yuan 2,950/tonne ($424/t) EXW including the 13% VAT, down by Yuan 10/t on week.

The price dip followed the softening rebar futures prices last week, Mysteel's weekly report observed, with the price of the most-traded rebar futures contract on the Shanghai Futures Exchange to be delivered this May closing the daytime trading session at Yuan 3,142/t on January 16, down by 0.98% from