WEEKLY: Tangshan billet prices jump as consumption swells

After struggling with losses during the prior two weeks, steelmakers in Tangshan in North China's Hebei province managed to make some money on billet selling during May 29-June 4, as the prices of the semis rebounded significantly on the increase of demand, Mysteel Global learned.

As of June 4, Mysteel's assessment of the Q235 billet price in Tangshan had gained Yuan 200/tonne ($28.2/t) from May 28 to reach Yuan 3,500/t EXW and including the 13% VAT, which allowed billet makers to see better profit margins. The profits earned by the 10 integrated mills in Tangshan