WEEKLY: Tangshan billet prices rise slightly on week

Billet prices in Tangshan in North China's Hebei province witnessed a mild gain during June 8-14, with Mysteel assessing the price of Q235 150mm square billet in the city at Yuan 3,040/tonne ($450/t) EXW including the 13% VAT on June 14, up by Yuan 20/t on week.

The price increase largely tracked a sentiment lift in the domestic steel market after independent coke producers had demanded the mills pay an extra Yuan 50~55/t more for their coke from Monday, as reported. Facing small losses from billet sales, a few local steelmakers consumed more billets themselves for finished