WEEKLY: Tangshan billet prices rise further

Billet prices in Tangshan in North China's Hebei province extended their gains over the past week to hit another intra-year high, the latest Mysteel data shows.

On May 5, the last day of China's May Day holiday, Mysteel assessed the price of Q235 150mm square billet in the city at Yuan 3,050/tonne ($447/t) EXW including the 13% VAT, up by Yuan 30/t from the level on April 26. Moderate gains in ferrous futures over the period