MONTHLY: China's billet prices to trend downwards in June

Prices of carbon steel billets in China are expected to ease slightly this month, mainly under pressure from subdued demand in the summer lull and fading cost support from raw materials prices, according to Mysteel's latest monthly report on the sector.

On May 31, the price of the Q235 150mm square billet in Tangshan in North China's Hebei province stood at Yuan 3,020/tonne ($446/t), lower by Yuan 20/t from the level on April 30, according to Mysteel's assessment. During May, stable demand from overseas markets and positive profit margins Chinese mills could earn