WEEKLY: Tangshan billet prices rise on week

Billet prices in Tangshan in North China's Hebei province recovered during the week of March 30-April 5 after the previous week's decline, 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 April 5, up by Yuan 10/t on week.

Supply of the steel semis in the local market increased mildly last week as some idled blast furnaces were returned to production during the week. Specifically, the volume of billet sold or exported by the 21 steelmakers in Tangshan and the surrounding area regularly monitored by Mysteel gained by