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The decline in billet prices continues in Tangshan

The decline in billet prices in Tangshan, a major steel production center in northern China, signals weak demand growth in the local steel industry.

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1 comments
unfortunately, chinese export levels on flat products are now at a crazy low level which will certainly increase their export volumes.
this situation also impacting other neighboring counties. Japanese monthly tender settled much lower compared to February and  volumes significantly reduced.
russian semis offers to region are aggressive which has an influence on taiwanese bids.
east’s depression led to watch & observe in the West and unfortunately this week will be a quiet one.

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