WEEKLY: Tangshan billet prices rise further on week

Billet prices in Tangshan in North China's Hebei province posted further gains over March 16-22, with Mysteel assessing the price of Q235 150mm square billet in the city at Yuan 2,980/tonne ($431/t) EXW including the 13% VAT on March 22, up by Yuan 10/t on week.

On the supply side, most mills had restarted idled blast furnaces by last week, while production on some rolling mills forming steel strips had also restarted. As such, the volume of billet sold or exported by the 21 steelmakers in Tangshan and the surrounding area regularly monitored by Mysteel