WEEKLY: Tangshan billet prices rise further on week

Billet prices in Tangshan in North China's Hebei province rose slightly on week during July 13-19, with Mysteel assessing the price of Q235 150mm square billet in the city at Yuan 2,990/tonne ($441/t) EXW and including the 13% VAT on July 19, up by Yuan 20/t on week.

Despite the small price gain, local steelmakers continued to suffer losses when selling their billets, which prompted some to halt operations. However, for others, sluggish downstream finished steel demand had also led them to conduct maintenance on their rolling mills, resulting in more hot metal consequentially being allocated to