December 02, 2008

Square billet market in Tangshan down slightly

It is reported that Square billet market price dropped slightly on July 23rd in Tangshan. The mainstream quotation at the current market has dropped by CNY 30 per tonne. Price of carbon 150 billets in Tangshan at present was CNY 5350 per tonne, CNY 5400 per tonne for triangle 165 billets and CNY 5500 per tonne for low alloy billet.

As per report, billet delivery of most steel mills in Tangshan was not good due to the environment protection and transportation restriction during Olympic Games. The billet demand also slowed down than earlier. Steel mills faced great pressure to reduce price gaining more orders. Square billet market in Tangshan predicted to have a slight adjustment later.