WEEKLY: Tangshan billet price up as re-rollers restart
Oct 20, 2020 14:30
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The Q235 150mm square billet price in Tangshan, North China’s Hebei, gained further for the second week, up another Yuan 20/tonne ($3/t) on week to Yuan 3,400/t EXW and including the VAT by October 16, as demand improved from the local steel re-rollers with their gradual resumption of operations since October 13, Mysteel’s latest weekly report showed.
Local steel re-rollers, producing mainly section steel, usually source the billet from inside Tangshan - the country’s largest supply base, and they had been able to restart operating since late last week after having been suspended since October 1 for local pollution control, Mysteel Global noted.
Mysteel’s survey showed that billet