WEEKLY: Tangshan billet prices largely rangebound

Source: Mysteel Nov 11, 2024 17:35

Billet prices in Tangshan in North China's Hebei province fluctuated during the November 4-8 week, according to Mysteel's weekly survey. Production of the semis picked up last week, and demand from re-rollers recovered moderately after the local government lifted production suspensions on industries including steelmakers from November 3, survey respondents said. Heavy smog over the city had prompted city authorities to impose production curbs on heavy industries there, as reported.

As of November 10, the Q235 150mm square billet price in Tangshan was assessed by Mysteel at Yuan 3,100/tonne ($432/t) EXW including the 13% VAT, lower by Yuan 10/t from the previous week. Over November 1-7, daily billet output among the 23 steelmakers in Tangshan under Mysteel's tracking reversed up