DAILY: China’s Tangshan billet price hits 7-month high
Jul 14, 2020 10:30
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The price of Q235 150mm square billet in Tangshan city, North China’s Hebei province, a key indicator of China’s steel market sentiment, increased to a new high since December 12 2019. It hit Yuan 3,400/tonne ($486/t) EXW and including the 13% VAT as of July 13, Mysteel’s data showed.
The price increased for seven straight working days, by a total of Yuan 100/t from July 2. Statistics showed that the price strengthened by Yuan 20/t from last Friday. It was mainly due to the growing optimism in the macro-economic environment and the improved market sentiment stimulated the prices to