WEEKLY: Tangshan billet prices stay stable on week

The price of Q235 150mm square billet in North China's Tangshan, the country's largest steel production hub, was assessed by Mysteel at Yuan 3,090/tonne ($425/t) EXW and including the 13% VAT as of December 1, which remained unchanged from one week earlier.

Tangshan billet production persisted high while demand from local re-rollers shrank last week, according to Mysteel's weekly survey. Daily billet output among the 23 steelmakers in Tangshan that Mysteel tracks had risen for the second week, up 9,000 tonnes/day on week to average 54,100 t/d over November 22-28, hitting the