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WEEKLY: Tangshan billet price grows on better demand

ABSTRACT

The price of Q235 150mm square billet in North China's Tangshan, a barometer of China's steel market sentiment, gained by Yuan 80/tonne ($12.5/t) on week to Yuan 4,350/t EXW and including the 13% VAT as of January 7, according to Mysteel's assessment. The billet price was mainly underpinned by the improving demand from end-users, according to market sources.
Mysteel's latest survey across the 55 steel re-rollers in Tangshan showed that their daily consumption averaged 61,700 tonnes/day over December 30-January 5, jumping by 37,700 t/d on week, mainly as the earlier production curbs imposed on re-rollers had been lifted since January 1.   However, an orange alert for poor air quality

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