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The price of carbon steel billet in North China’s Tangshan fluctuated over November 12-16, with Mysteel’s daily price of Q235 150*150mm billet reaching Yuan 3,640/tonne ($528/t) EXW and including 16% VAT as of last Friday. The price had lost a total of Yuan 160/t on week to reach a 4-month low, Mysteel notes.
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The market for carbon steel billet in Tangshan, the key pointer to Chinese steel-market trends, weakened over the November 5-9 week, with Mysteel’s Q235 150*150mm billet benchmark price slumping Yuan 100/tonne ($14.4/t) on week to Yuan 3,800/t EXW and including the 16% VAT as of November 9.
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The market for billet in North China’s Tangshan softened over the week of October 29-November 2, with Mysteel’s Q235 150*150mm Tangshan billet benchmark price slumping Yuan 100/tonne ($14.5/t) on week to Yuan 3,900/t EXW and including the 16% VAT as of November 2, ending the strong upward momentum that had lasted for nearly a month.
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Mysteel’s benchmark price of Q235 150*150mm billet in North China’s Tangshan, the barometer of China’s steel market, climbed steadily over October 22-25 to hit a new high of Yuan 4,000/tonne ($577.2/t) EXW and including the 16% VAT on October 25. With the increase in prices the enthusiasm for procuring semis among steel re-rollers has gradually dwindled, market sources indicated.
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The emergency curbs imposed on steelmakers and rolling mills in Tangshan, North China’s Hebei province, since October 11 on poor air quality forecast boosted up the local billet price by Yuan 30/tonne ($4.3/t) despite the weakening supply, market sources said on Monday.
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Tangshan billet market, the barometer of China’s steel market, was robust both in trading volume and price over the week of October 8-12, partly because of the concentrated buying after the weeklong National Day break in the previous week, according to market sources.
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The price of billet in North China’s Tangshan city, the
barometer of China’s steel market, kept stable at Yuan 3,840/tonne ($556.6/t)
during the country’s week-long National Day holiday break over October 1-7. The
price had slumped by Yuan 90/tonne over September 21-30, Mysteel notes.
Some state-owned billet traders started to accumulate
feedstock over the holiday,
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Mysteel’s Q235 Tangshan billet price eased Yuan 50/tonne ($7.3/tonne) on week to Yuan 3,970/tonne as of September 21 as the buying frenzy from the re-rollers subsided with the narrowing in their margins, market sources shared on September 25.
“Billet price has shot up to a very high level but demand for
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Billet stocks in North China’s Tangshan thinned rapidly during the week of September 8-14, mainly because steel re-rollers stepped up procurement of the semis as market prices had retreated while orders from users were picking up, according to market sources on Monday.
Over September 7-13, billet inventories at two ports in
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China’s Tangshan billet price reversed up late in the week of September 1-7 after the city government reiterated in a September 5 announcement that its battle against air pollution will continue this month, Mysteel’s weekly survey showed on September 7 and market sources confirmed on Monday.
“The issue of the steel
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Sentiment in the billet market in North China’s Tangshan city, the barometer of the country’s steel market, improved slightly on Monday with information that the government was drafting new restrictions at Tangshan steel mills for September, market sources told Mysteel on Monday afternoon.
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The price of Q235 billet in North China’s Tangshan, the barometer of the country’s steel market, inched up Yuan 10/tonne ($1.5/t) on week to Yuan 4,050/t EXW and including the 16% VAT as of last Friday, before gaining another Yuan 30/t from August 24 to Yuan 4,080/t on August 26. Market insiders Monday said the semi continues to enjoy consistent price support from the tightness of supply.
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The price of carbon steel billet in North China’s Tangshan city jumped to an 82-month high on August 17 as the onerous output restrictions being imposed on steelmakers to reduce smog levels over the city have tightened supplies of the semis, market sources explained.
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Stocks of the five major carbon-steel products held by China’s traders increased over August 9-15, Mysteel has found. Chinese buyers of rebar, wire rod, hot-rolled and cold-rolled coils and medium plate tempered their procurement amid the rise in prices.
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Billet prices in North China’s Tangshan city, a key indicator of market price trends, are enjoying an unusually strong summer, thanks to keen buying from re-rollers, now back in business after observing government-mandated production restrictions.
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The price of Tangshan billet Q235, the weathervane of China’s long steel market, surpassed its intra-year high to Yuan 3,850/tonne ($566/t) on August 3, up Yuan 60/t on week, on the back of tight supply concerns with the steelmakers’ growing upbeat market sentiment.
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China’s Tangshan Q235 billet price, the barometer of Chinese steel market sentiment, hit the year’s high of Yuan 3,790/tonne ($557/t) EXW and including the 16% VAT on July 27, or up Yuan 70/t week on week mainly because of the consistent support from concerns on supply tightness, market sources commented.
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China’s capacity utilization rate of blast furnaces at the 247 steel plants nationwide Mysteel monitors reverted down during July 20-26, with the figure lower by 1.66 percentage points on week to 80% as of July 26, according to Mysteel’s latest survey published on July 27.
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The price of Q235 billet in North China's Tangshan rebounded by Yuan 20/tonne ($3/t) on week to Yuan 3,720/t EXW and including the 16% VAT as of July 20, according to Mysteel's latest survey. The strong price recovery - against a background of tightening supply and lackluster demand - was triggered by cutbacks in production undertaken by local integrated steel mills over July 18-21.
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The capacity utilization rate of blast furnaces (BFs) at the surveyed 247 steel plants nationwide inched up further during July 13-19 by 0.14 percentage point on week to 81.7% as of July 19, according to Mysteel's latest survey released on July 20.
