WEEKLY: Tangshan billet prices pull back on week

Billet prices in Tangshan in North China's Hebei province declined again during the week of April 6-12 after the previous week's gain, with Mysteel assessing the price of Q235 150mm square billet in the city at Yuan 2,970/tonne ($435/t) EXW including the 13% VAT on April 12, down by Yuan 10/t on week.

Billet supply in the local market remained largely steady this week, with only a few steelmakers in Tangshan adjusting their production plans to produce more finished steel items instead of billets throughout the survey week. Specifically, the volume of billet sold or exported by the 21 steelmakers in Tangshan and