Tangshan steel re-rollers return with curbing gone
Nov 07, 2019 13:30
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Steel re-rollers in Tangshan, China’s major steel production base in North China’s Hebei province, have been gradually returning to their normal productions after the latest round of restriction expired since 8:00am (Beijing time) on November 7.
“Most re-rollers have decided to resume operations immediately now that the curbing is gone, even though they are only having margins ranging Yuan 10-30/tonne ($1.4-4.3/t) for steel sections,”a Tangshan market source confirmed.
Mysteel estimate the operational rate of the 35 re-rollers in Tangshan to shoot up to around 85% on Thursday,