06
May
13:23
Tangshan billet market revitalises amid strengthening futures
Transactions in the Tangshan billet market have turned active amid higher futures on the first working day after the Labor Day holiday. However, some end users just passively followed the rise or chose to wait as their margins remain poor.
Kallanish assessed Tangshan billet spot prices on Monday afternoon at CNY 3,580/tonne ($497/t), up CNY 50/t week-on-week. The October rebar contract on the Shanghai Futures Exchange (SHFE) closed at CNY 3,735/t, up CNY 60/t. Loc…
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Anonymous
Very good overview of the weekly steel market.
Anonymous