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Mysteel’s Tangshan Q235 150mm square billet price, a key indicator of China’s steel market sentiment, especially for long products, increased Yuan 30/tonne ($4.4/t) on week to Yuan 3,650/t EXW and including the 13% VAT as of July 12, as supply had reduced because of the ongoing restrictions on local steel mills since late June.
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Billet consumption among the 96 steel re-rollers in Tangshan, China’s top steel production city in North China’s Hebei province, averaged 60,900 tonnes/day over June 27-July 3, according to Mysteel’s latest survey. This was higher by a significant 25,400 tonnes/day or 41.7% on week as re-rollers returned to production from July 1 after their operations had been halted for over half a month.
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As Tangshan's local government step up its efforts against air pollution, an announcement was made on June 23, 2019. There will be stricter production curbs in place on some steelmakers' processes, from sintering to steel refining.
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Billet prices in Tangshan, China’s top billet production base in North China’s Hebei province, have climbed sharply and continuously over the past few days after the city government announced intensified production curbs on steel mills. However, market insiders warn that prices could still retreat.
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Billet inventories in Tangshan, China’s largest steel producing city in North China’s Hebei province, saw their first increase in over two months last week, due to poorer demand from downstream users in the local market, Mysteel Global learned Monday.
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Stocks of the five major finished steel items at Chinese traders and steel mills increased over the period of June 6-12, with the traders’ stocks even seeing their first rise since the Chinese New Year holiday back in February, Mysteel has learned. Stocks mounted mainly because overall steel production stayed high while demand retreated due to the Wet season rains falling across much of China, industry watchers said.
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The pulse of China’s steel market, Mysteel’s Q235 150mm Tangshan billet benchmark, continued to lose ground over the May 31-June 6 week as demand stayed at the seasonal low. Over the week, the price of the semi dipped by another Yuan 50/tonne ($7.2/t) from May 31 to reach Yuan 3,510/t EXW and including 13% VAT as of June 6.
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Stocks of the five major finished steel items at Chinese traders and steel mills decreased though at a slow pace during the week of May 30-June 5, mainly due to the lacklustre demand and negative sentiment in the domestic steel market, Mysteel has learned.
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Mysteel’s Tangshan Q 235 150mm dia billet benchmark price declined by Yuan 30/tonne ($4.3/t) on week to Yuan 3,560/t EXW and including the 13% VAT as of May 31, according to market sources in Tangshan who explained that demand from re-rollers was inactive due to both thinner margins and production bans. Tangshan in North China’s Hebei province is China’s top steel production base.
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Billet producers in Tangshan, China’s top billet supply base in North China’s Hebei province, saw their gross margins on their semis slump by Yuan 71/tonne ($10.3/t) on week to Yuan 490/t including the 13% VAT as of May 24, a new low since March 29, Mysteel’s latest survey showed.
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Buying sentiment for billet among steel re-rollers in North China’s steel hub of Tangshan has been picking up of late – in tandem with the steady recovery of profits – even though they’ve been observing production restrictions since May 16, Mysteel Global has learnt.
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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.
