WEEKLY: Tangshan billet prices gain further on week

Billet prices in Tangshan in North China's Hebei province posted further gains over March 2-8, with Mysteel assessing the price of Q235 150mm square billet in the city at Yuan 2,930/tonne ($424/t) EXW including the 13% VAT on March 8, up by Yuan 10/t on week.

Mills in northern China were ordered to curb blast furnace activity by at least 30% during March 4-11 to help reduce atmospheric pollution, as Mysteel Global has reported. Some re-rollers in Tangshan were also requested to reduce operations over the period as well. The production restrictions influenced both billet supply