WEEKLY: Tangshan billet prices mark time on week

Billet prices in Tangshan in North China's Hebei province fluctuated within a narrow band during June 29-June 5, with Mysteel assessing the price of Q235 150mm square billet in the city at Yuan 2,960/t ($436/t) EXW and including the 13% VAT on July 5, unchanged on week.

Tangshan steelmakers were suffering greater losses on billet sales last week, another Mysteel survey showed, which led many to allocate more hot metal to production of other steel items such as strips. This has tightened local billet supply to some extent, Mysteel noted in its weekly report. Specifically, the volume