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The price of Q235 billet in Tangshan in Hebei province, North China, reversed up by Yuan 100/tonne ($15/t) on week to Yuan 3,700/t EXW including the 16% VAT as of July 13. Steelmakers and traders nursing lower inventories felt no pressure to sell and so lifted offer prices while markets remain buoyant.
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China's national average benchmark price for Q235B grade 4.75mm hot-rolled coil climbed by Yuan 33/tonne ($5/t) on week to Yuan 4,262/t including 16% VAT as of July 13, which was mainly attributed to better sales, market sources shared.
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The price of Q235 billet in Tangshan, Hebei province in North China, the weathervane of China's long steel market, remained unchanged last week from the previous week at Yuan 3,600/tonne ($545/t) EXW including the 16% VAT as of July 6
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The Q235 billet price in Tangshan, Hebei province of North China, the barometer of China's steel market, fell Yuan 50/tonne ($7.6/t) over the week to Yuan 3,600/t EXW including the 16% on June 29 amid the waning buying enthusiasm from local re-rollers.
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Mysteel's national average HRB 400 20mm dia rebar benchmark price dipped for the fourth day on June 27, down another Yuan 13/tonne ($2/t) day on day to Yuan 4,116/t including the 16% VAT, or touching a new low since May 31, mainly due to the cautiousness of the traders and the softening in demand from the construction sites in many parts of China with the high temperatures and heavy rains in the summer days.
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The price of Q235 billet in Tangshan in North China's Hebei province dropped by Yuan 70/tonne ($10.8/t) on week to Yuan 3,650/t EXW including to the 16% VAT on June 22, as suppliers were discounting sales prices on concerns of the increase in stocks, Mysteel noted.
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The Q235 billet price in Tangshan in North China's Hebei province, strengthened for the fifth straight week during June 9-15, rising by another Yuan 40/tonne ($6.3/t) on week to reach Yuan 3,720/t EXW including the 16% VAT as of June 15, a new three-month high, according to Mysteel's latest weekly survey.
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The Q235 billet price in Tangshan, North China's Hebei province, is with the potential for further gains in the coming days with the anticipated supply constraints, market sources shared.
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Blast furnace capacity utilization among the 247 Chinese steelmakers nationwide which Mysteel regularly surveys remained mostly stable over the past week, with the figure down by a tiny 0.02 percentage point on week to 81.61% as of June 7, according to Mysteel's latest survey published on June 8. Though miniscule, the dip nevertheless ended the five-week climb.
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The price of Q235 billet in Tangshan in North China's Hebei province rose by Yuan 50/tonne ($7.8/t) on week to Yuan 3,670/t EXW including the 16% VAT as of June 1, according to Mysteel's latest weekly survey.
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Blast furnace capacity utilization among the 247 Chinese steelmakers nationwide which Mysteel regularly surveys edged up for a fifth straight week to May 31, rising by 0.14 percentage point on week to an average of 81.63%, according to Mysteel's latest survey published on June 1.
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The price of Q235 billet in Tangshan in North China's Hebei province inched up by Yuan 10/tonne ($1.6/t) on week to Yuan 3,620/t EXW including the 16% VAT as of May 25. Sellers could pressure buyers by pointing to the significant drop in stocks of the semis, so market watchers said.
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Blast furnace utilization among the 247 Chinese steelmakers Mysteel regularly canvasses climbed for a fourth straight week this week, rising by 1.1 percentage points on week to 81.5%, according to Mysteel's latest production survey published on May 25.
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The price of Q235 billet in Tangshan in North China's Hebei province reversed up by Yuan 50/tonne ($7.9/t) on week to Yuan 3,630/t EXW including the 16% VAT as of May 18. Market watchers said that despite the rise in supply, steelmakers and traders were keen to lift prices on the back of the declining inventories.
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Stocks of the five major carbon-steel products held by China's traders dropped further over May 10-16 but the pace of the on-week decrease was slower, Mysteel has found. Chinese buyers of rebar, wire rod, hot rolled and cold rolled coils and medium plate were anticipating further price declines and thus showed little interest in restocking.
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Blast furnace capacity utilization among the 247 Chinese steelmakers which Mysteel regularly surveys nationwide rose 1.28 percentage points on week to 80.4% as of May 17. The rise in furnace operations saw average production of molten iron among these producers grow by 35,600 tonnes/day to 2.25 million t/d, also as of May 17, according to Mysteel's latest survey published on May 18.
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The Tangshan Q235 billet price, a weathervane of China's steel market especially for long steel products, ended a five-week gain over the week of May 5-11 by reversing down Yuan 50/tonne ($7.9/t) on week to Yuan 3,580/t EXW including the 16% VAT as of May 11, according to Mysteel's latest weekly review.
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Blast furnace (BF) capacity utilization across 247 steel mills nationwide surveyed by Mysteel moved up further by 1.33 percentage points on week to 79.12%, Mysteel's latest survey published on May 11 indicated. Mills surveyed cited the further resumption of production while they could enjoy healthy profits.
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Tangshan Q235 billet price, the barometer of China's steel market, strengthened for the fifth week of April 28-May 4, up another Yuan 60/tonne ($9.5/t) on week to Yuan 3,630/t EXW and including the 16% VAT as of last Friday, according to Mysteel's latest market survey.
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The price of Q235 billet in North China's Tangshan, the weathervane of China's steel market, inched up Yuan 10/tonne ($1.6/t) on week to Yuan 3,570/t EXW including the 17% VAT as of April 27 despite the growing supply.
