WEEKLY: Tangshan billet consumption rebounds

Demand for billets in Tangshan in North China's Hebei province recovered substantially last week as re-rollers resumed operations after the production curbs placed on them were lifted on March 12, according to Mysteel's weekly survey.

As such, daily billet consumption among the 43 re-rollers in Tangshan under Mysteel's tracking rebounded by 44,600 tonnes/day on week to hit a four-month high of 58,700 t/d on average over March 13-19. Meanwhile, billet inventories held by the 43 surveyed re-rollers had decreased by 87,000 tonnes on week to