20
Nov
06:42
Weak demand burdens Tangshan billet market
End users of China’s Tangshan (TS) billet cannot chase higher prices because of their own poor margins. In addition, their productions has been suspended because of environmental protection rules imposed during heavy air pollution from 19 November, Kallanish notes.
Tangshan billet prices increased CNY 40/tonne ($5.57/t) to CNY 3,730/t last week, while the January rebar contract on the Shanghai Futures Exchange rose CNY 57/t. TS mills raised ex-works billet p…
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Kallanish Asia
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous