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The price of Q235 billet in Hebei province's Tangshan, the barometer of China's steel market, jumped another Yuan 80/tonne ($12.7/t) on week to Yuan 3,560/t EXW and including the 17% VAT as of April 20, according to Mysteel's latest weekly survey. Industry players cited the continuing improvement in steel demand and firm market sentiment.
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The price of Q235 billet in North China's Tangshan, the weathervane of China's steel market, jumped by Yuan 90/tonne ($14/t) on week to Yuan 3,480/t EXW including the 17% VAT as of April 13 on the strong support of better sales as real end-user demand recovered further.
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The price of Q235 billet in North China's Tangshan, the weathervane of China's steel market, rebounded by Yuan 50/tonne ($7.9/t) since March 30 to reach Yuan 3,390/t EXW including the 17% VAT as of April 8, owing to better sales among end users and traders, according to Mysteel's latest weekly survey. April 8 was a working day in China as Friday was a public holiday.
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Tangshan Q235 billet benchmark price continued to slide down but at a slower pace last week amid the operation halts at the local re-rollers, down Yuan 20/tonne ($3.2/t) week on week to Yuan 3,350/t EXW including the 17% VAT by March 30, according to Mysteel's weekly survey.
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Prices of Q235 billet in North China's Tangshan, the weathervane of the Chinese steel market, slumped Yuan 210/tonne ($33.3/t) week on week to Yuan 3,370/t EXW including the 17% VAT on March 23, touching an 8-month low since July 2017, according to Mysteel's latest market survey published on Friday. Traders are growing increasingly pessimistic about the domestic steel market on concerns of increasing supply amid thin demand.
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The price of Q235 billet in Tangshan slipped by Yuan 20/tonne ($3.2/t) on week to Yuan 3,580/t EXW and including the 17% VAT as of March 16, according to Mysteel's latest survey. The softer prices reflected rising concerns about loosening supply amid thin demand as some local integrated steel mills resumed normal operations after March 15.
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The Tangshan Q235 billet price slumped by Yuan 130/tonne ($21/t) on week to Yuan 3,600/t EXW and including the 17% VAT as of March 9, according to Mysteel's latest market survey.
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Tangshan Q235 billet benchmark, the barometer of Chinese steel market, jumped Yuan 140/tonne ($22/t) week on week to Yuan 3,730/t EXW including the 17% VAT on March 2, mainly because of the growing market optimism on the Tangshan government's announcement to launch another lengthy restriction on local blast furnaces on March 16-November 14, connecting seamlessly with the four-month winter curbing that ends on March 15, Mysteel noted from the market.
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The price of Q235 billet in Hebei province's Tangshan City - the barometer of China's steel market - inched down by Yuan 20/tonne ($3.2/t) since February 14 to Yuan 3,590/t including the 17% VAT as of February 23 in a quiet domestic market, according to Mysteel's latest weekly survey released last Friday.
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The price of Q235 billet in Hebei province's Tangshan - the barometer of China's steel market - inched down by Yuan 10/tonne ($1.6/t) on week to Yuan 3,610/t EXW and including the 17% VAT as of February 9, according to Mysteel's latest weekly survey. The dip in price was partly due to thin trading in a quiet market just ahead of China's one-week holiday break for New Year.
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Tangshan Q235 billet price, the barometer of China's steel market, increased another Yuan 20/tonne ($3.2/t) on week to Yuan 3,620/t EXW and including the 17% VAT as of February 2 on improvement in market sentiment, according to Mysteel's latest weekly survey.
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The profits of China's major industrial enterprises totaled Yuan 7.52 trillion ($1.2 trillion) in 2017, and the year-on-year increase at 21% was far higher than 2016's 8.5%, or the highest since 2012, thanks to China's continuing efforts in removing the excess capacities from the sectors such as coal, steel, and aluminum, as well as in lowering production costs, according to the latest release from China's National Bureau of Statistics (NBS) on January 26.
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Tangshan Q235 billet price, the barometer of China's steel market, increased another Yuan 40/tonne ($6.3/t) on week to Yuan 3,600/t EXW and including the 17% VAT as of January 26, partly due to the probability of restocking by traders on the concern of transportation disruption by recent snowfalls in many parts of China, Mysteel understands from the market.
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Tangshan Q235 billet price, the barometer of China's steel market, ended the four-week decline over the week of January 15-19 by having recovered Yuan 10/tonne ($1.6/t) on week to Yuan 3,560/t EXW and including the 17% VAT as of January 19, according to Mysteel's latest market survey.
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Tangshan Q235 billet price, the barometer of China's steel market, continued to drop for the fourth week of January 6-12, down another Yuan 60/tonne ($9/t) on week to Yuan 3,550/t EXW and including the 17% VAT as of last Friday, according to Mysteel's latest market survey.
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China's national average benchmark price for the Q235B 4.75mm hot-rolled coil dropped Yuan 45/tonne ($6.9/t) week on week to Yuan 4,308/t including the 17% VAT as of January 5 amid the overall waning in domestic demand, according to Mysteel's latest weekly report.
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Tangshan Q235 billet price, the barometer of China's steel market, decreased by Yuan 60/tonne ($9/t) on week to Yuan 3,610/t EXW and including the 17% VAT as of January 5, as buyers were with a growing pessimism toward the domestic steel market outlook, according to Mysteel's latest market survey.
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Tangshan Q235 billet price, the barometer of China's steel market, slumped by Yuan 170/tonne ($26/t) on week to Yuan 3,680/t EXW and including the 17% VAT as of December 29 2017, according to Mysteel's latest market survey.
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China's national average benchmark price for the Q235B 4.75mm hot-rolled coil dropped Yuan 64/tonne ($9.8/t) week on week to Yuan 4,353/t including the 17% VAT as of December 29 2017, following the overall declines in China's domestic steel price, though the pace was slower than rebar's Yuan 240/t week-on-week slip, Mysteel's latest weekly report showed.
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China's national average benchmark price for the Q235B 4.75mm hot-rolled coil went up but at a slower rate of Yuan 9/tonne ($1.4/t) week on week to Yuan 4,417/t including the 17% VAT as of December 22, as demand showed signs of weakening, according to Mysteel's latest weekly report released last Friday.
