DAILY: China’s billet price heads down, rebar stable
Nov 24, 2020 10:30
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Tangshan Q235 150mm square billet price, weathervane of China’s steel market development, reversed down after continuous increase since November 16. It decreased by Yuan 30/tonne ($9.1/t) on day to Yuan 3,590/t EXW and including the 13% VAT as of November 23. Downstream buying retreated with bleak winter coldness blanketing the majority of China.
Domestic national price of HRB400 20mm dia
rebar, another representative price of the steel market sentiment, stayed
unchanged from last Friday at Yuan 4,174/t including the VAT on Monday.
“Most traders said that business was poor.
Only some of them had increased trading as they delivered large quantities
directly to the construction projects,” an industry