WEEKLY: Tangshan billet prices remain stable amid mixed fundamentals

Billet prices in Tangshan, North China's Hebei province, remained largely stable during September 21-27, with Mysteel assessing the price of Q235 150mm square billet in the city at Yuan 3,000/tonne ($447/t) EXW and including the 13% VAT on September 27, unchanged from one week earlier.

The stability in Tangshan billet prices reflected cautious sentiment among market participants amid firm cost support but weak sales of billet-rolled finished steel products, Mysteel Global noted. Billet demand in Tangshan continued to improve last week amid lingering expectations for collective replenishment of finished steel products ahead of the National