On February 6th, the direct sale transaction of Tangshan steel billets was weak. Warehouse spot prices are reported at 2,980 yuan/ton including tax for ex-warehouse. Downstream finished product prices remain stable overall, but transactions are relatively weak. It is expected that the steel billet ex-works price may decrease by 10 yuan/ton in the afternoon. (My Steel Network)
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Tangshan billet direct transaction remains weak
On February 6th, the direct sale transaction of Tangshan steel billets was weak. Warehouse spot prices are reported at 2,980 yuan/ton including tax for ex-warehouse. Downstream finished product prices remain stable overall, but transactions are relatively weak. It is expected that the steel billet ex-works price may decrease by 10 yuan/ton in the afternoon. (My Steel Network)