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WEEKLY: Tangshan billet price hovers albeit lower demand

Tangshan Q235 150mm square billet price remained steady at Yuan 3,330/tonne ($476/t) EXW and including 13% VAT as of November 8, the same as last Friday, while demand from local re-rollers eased, according to Mysteel’s surveys, and the billet price has been hovering at the level of Yuan 3,300/t for over one month amid the overall steadiness in the domestic steel market.
Most of section steel re-rollers in Tangshan were suspended operations by local authorities until November 7, and as n result, the daily billet consumption among the 96 sampled re-rollers in Tangshan under Mysteel’s weekly survey plunged 49,900 tonnes/day on week to 32,400 t/d over October 31-November 6. As of last Thursday,

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