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Tangshan billet prices climb during Labour Day holiday

ABSTRACT

The price of Q235 150mm square billet under Mysteel's assessment in Tangshan in North China's Hebei province, the country's largest steel production hub, stood at Yuan 4,810/tonne ($727.3/t) EXW including the 13% VAT as of May 5, up Yuan 70/t from April 29, on bullish sentiments and rising downstream demand during China's Labour Day holiday, Mysteel's latest survey showed.
Ahead of the holiday on April 29, the Communist Party's political bureau, a key decision-making body, had announced that the government would take effective measures to stabilize the economy, a declaration which boosted market confidence regarding steel prices, as reported.   During the five-day holiday while most other industries across China were

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