China: Domestic HRC Prices Up in Recent Trades

Hot-rolled coil prices rose by RMB 20,and 1500mm wide flat sheet by first-tier mill offered at RMB 3,910/MT, second-tier at RMB 3,900/MT while Q345 flat sheet at RMB 4,070/MT. Transaction is good.

Billet - Yesterday, the ex-factory price of general carbon billet in Tangshan,Changli and Qian'an was settled at RMB 3,560/MT stable. In the early morning, the Changli area led the gains of RMB10 to RMB 3,570/MT. The billet transactions were plain, and the prices of finished products tend to move up.

The billet inventory of Xiangyu Zhengfeng and Haiyi Hongrun billet reads 3,53,500 tons, down 10,500 tons. The overall shipment of finished products is strong, and it is expected that the price of billets will by RMB10 in the afternoon.

Construction Steel: Construction steel in Tangshan is mainly stable. The market price of rebar HRB 400 of big specification is at RMB 3,990/MT , small specification at RMB 4,090/MT while coiled rebar at RMB 4,150/MT.Transaction is sound.