In China's leading steel city Tangshan, Q235 150mm square billet prices increased by 30 yuan/ton ($4.2/ton) on November 19 compared to the previous month, reaching 3,660 yuan/ton EXW (including VAT). This increase is supported by strong demand from rolling mills and positive macroeconomic indicators.
Demand exceeded supply; total billet consumption, which was monitored by rolling mills, reached a two-month high of 62,800 tons/day. During the same period, daily billet production at local steel mills reached a monthly high of 47,500 tons/day.
The capacity utilization rate of 89 blast furnaces in Tangshan increased to 90.56%. The high prices of semi-finished products have reduced the losses of local steel manufacturers in the sale of billets. Total billet stocks in commercial warehouses and ports in Tangshan decreased by 52,700 tons to 1.21 million tons.
On the other hand, the billet stocks held by the 55 re-rolling mills sampled remained unchanged at 398,700 tons as of November 15.
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