WEEKLY: Tangshan billet prices retreat on week

Billet prices in Tangshan in North China's Hebei province pulled back during the week of March 23-29 after gaining for four consecutive weeks, with Mysteel assessing the price of Q235 150mm square billet in the city at Yuan 2,970/tonne ($430/t) EXW including the 13% VAT on March 29, down by Yuan 10/t on week.

Billet supply in the local market remained stable during the sample week as most Tangshan steelmakers stuck to their production plans. Consequently, the volume of billet sold or exported by the 21 steelmakers in Tangshan and the surrounding area regularly monitored by Mysteel stayed unchanged on week over March