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WEEKLY: Tangshan billet price firm on improving sales

ABSTRACT

The Tangshan price of Q235 150mm square billet, the weathervane of China's steel market, has stayed largely firm so far this week, after having tumbled by over Yuan 120/tonne ($18.8/t) during the last week of December. The price is being supported by an improvement in sales of both steel billet and finished steel, market sources say.
Located in North China's Hebei province, Tangshan is China's top steel production hub and its largest billet supply base. The recent improvement in billet sales is largely thanks to the stable operation of steel re-rollers, according to local sources.   "Last month, the re-rollers' operations were constantly subject to production bans, but this month,

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