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Mysteel’s Tangshan Q235 150mm square billet benchmark price, the barometer of China’s steel market, slipped Yuan 20/tonne ($2.9/t) on week to Yuan 3,580/t EXW and including the 13% VAT as of May 10, as both the spot trading and the market sentiment appeared a bit of wobbly, market sources indicated on Monday.
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Stocks of the five major carbon-steel items at Chinese traders continued to trend downward over the week of May 2-8, but the pace of decline pace was slowed by the high levels of production, as well as the ebbing momentum of rises in demand, Mysteel Global notes.
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Mysteel’s Tangshan Q235 150mm square billet benchmark, the barometer of China’s steel market, gained Yuan 60/tonne ($8.9/t) on week to reach Yuan 3,600/t EXW and including the 13% VAT as of May 5, a six-month high since last November 16. May 5, Sunday, was a working day in China in lieu of the Labour Day holidays on May 1-3, Mysteel notes.
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Mysteel’s Tangshan Q235 150mm square billet benchmark, the pulse of China’s steel market, edged up Yuan 10/tonne ($1.5/t) on week to Yuan 3,540/t EXW and including the 13% VAT as of April 26. The benchmark lacked impetus for a major jump though, as buying from downstream re-rollers cooled markedly over the past week.
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Mysteel’s Tangshan Q235 150mm square billet price, the weathervane of China’s steel market especially for North China, eased Yuan 20/tonne ($3/t) on week to Yuan 3,530/t EXW and including the 13% VAT as of April 19, and demand from local steel re-rollers remained strong over April 15-19, market sources indicated on Monday.
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Mysteel’s Tangshan Q235 150mm square billet benchmark price, the barometer of China’s steel market, gained Yuan 100/tonne ($15/t) over the week to Yuan 3,550/t EXW and including the 13% VAT as of April 12, as downstream users’ consuming more billet and at a fast pace with their ramp-up in production, market sources shared on April 11.
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Stocks of the five major finished steel items at both mills and traders declined over the week of April 4-10 despite the high levels of production, mainly thanks to strong downstream demand encouraged by market optimism and pleasant weather, Mysteel Global notes.
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Billet stocks in Tangshan, China’s top steel producing hub in North China’s Hebei province, began falling last week after months of increases, thanks to local re-rollers resuming operations from end-March, according to Mysteel’s latest weekly survey published on April 4.
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Steel re-rollers in Tangshan, north China’s Hebei province, have resumed operations one after another as the order of one-month suspension for pollution control was lifted towards the end of March, market sources confirmed on Tuesday.
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Mysteel’s Tangshan Q235 150mm square billet benchmark, the pulse of China’s steel market, decreased by Yuan 50/tonne ($7.5/t) on week to Yuan 3,450/t EXW and including the 16% VAT as of March 22, as demand from re-rollers was poor over the period, market sources said on Tuesday.
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Billet stocks at re-rollers in Tangshan city, China’s top billet production base in North China’s Hebei province, reversed up by 32,000 tonnes or 7% on week to reach 486,000 tonnes as of March 14, Mysteel’s latest weekly survey published on March 15 showed.
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Stocks of five major finished steel at both the Chinese traders and steel mills declined further during the week of March 7-13, and buying enthusiasm from both the traders and downstream consumers showed signs of improvement, market sources noted.
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Mysteel’s Tangshan Q235 150mm square billet benchmark, the barometer of the Chinese steel market, slipped by Yuan 30/tonne ($4.5/t) on week to Yuan 3,460/t EXW and including the 16% VAT as of March 8, as re-rollers’ buying of semis cooled down due to government-imposed restrictions on their output from March 6.
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Mysteel’s Tangshan Q235 150mm square billet price continued to increase over February 25-March 1, rising by Yuan 60/tonne ($9/t) on week to Yuan 3,490/t EXW and including the 16% VAT as of March 1. Steadily recovering demand for finished steel nationwide promoted replenishment of the semis among re-rollers, industry sources explained Tuesday.
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Mysteel’s Tangshan Q235 150mm dia billet price, the bellwether of China’s steel market, picked up Yuan 40/tonne ($6/t) on week to Yuan 3,430/t EXW and including the 16% VAT as of February 22. The mild rise was thanks to the recovery in demand as more re-rollers in the city resumed operations following the Chinese New Year holidays and upped their billet consumption, market sources indicated.
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Mysteel’s price for Q235 150mm square billet in Tangshan, the pulse of China’s steel market, headed down over February 11-15, the first working week after the Chinese New Year holiday. Market sources on Monday said demand has not revived after the break as most local downstream re-rollers are yet to resume work.
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Blast furnace capacity utilization among 247 Chinese steel producers nationwide Mysteel monitors increased for a fourth consecutive week over January 25-31, rising by another 0.55 percentage point on week to average 77.79% as of January 31, according to the latest survey released on February 1.
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Billet stocks at Tangshan trading houses and ports swelled markedly over January 18-24, surging by 65,100 tonnes or 39.4% on week to reach 230,200 tonnes as local traders had been building stocks in preparation for fulfilling forward contracts, market sources told Mysteel on Monday.
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Mysteel’s Q235 150mm square Tangshan billet benchmark price, the barometer of China’s steel market, declined by Yuan 40/tonne ($5.9/t) on week to Yuan 3,380/t EXW and including the 16% VAT as of January 18. Market sources Monday said the local billet market had suffered from more downward pressure with the increase in supply of the semis.
