DAILY: China’s long steel prices down, trading stays low
Dec 02, 2019 10:30
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Mysteel’s national average price for HRB400 20mm dia rebar decreased for the fourth day on November 29 though at a lower speed, down another Yuan 7/t on day to Yuan 4,152/t, while the price of Tangshan Q235 150mm square billet declined Yuan 20/tonne ($2.8/t) from November 29 to Yuan 3,440/t EXW as of December 1, both including the 13% VAT, and daily trading stayed at its normally low range for winter months.
Demand for billet in North China’s Tangshan remained robust currently as local re-rollers have been running as per normal without any ongoing curbing, though “some re-rollers plan to halt production after their billet stocks are used up, as the price spread between finished steel and billet are narrowing, squeezing their