Steel Billet Market Report February 2014

Steel billet prices in China declined after appreciating in February, with those of steel billet Q235 150*150mm in Hebei increasing by RMB50/t from RMB2,810/t after the Spring Festival to RMB2,860/t including VAT ex-works.Asian Metal Copyright Steel rolling mills and steel mills in Fengrun District, Tangshan, Hebei started to limit production from 8am to 8pm in order to protect the environment.Asian Metal Copyright In addition, 15 steel enterprises in 5 cities, including Qinhuangdao, Xingtai and Zhangjiakou, dismantled 16 blast furnaces and 3 rotating furnaces — reducing capacity by 6.Asian Metal Copyright Steel rolling mills and steel mills in Fengrun District, Tangshan, Hebei started to limit production from 8am to 8pm in order to protect the environment.Asian Metal Copyright71Mt for iron smelting and 1.Asian Metal Copyright The companies in Wu’an at which 8 blast furnaces — mostly with volume of 200-400m3 — were to be dismantled, were as follows: one in Hongrong Yuanbaoshan Steel, one in Mingfang Steel, two in Wen’an Steel, two in Yuhua Steel, one in Xinhui Steel and one in Guangyao Steel.Asian Metal Copyright49Mt for steel smelting.Asian Metal Copyright The production limitation policy was removed officially on February 27th and demand, as well as prices, increased slightly after the resumption of production at local steel enterprises and steel rolling mills.Asian Metal Copyright The companies in Wu’an at which 8 blast furnaces — mostly with volume of 200-400m3 — were to be dismantled, were as follows: one in Hongrong (Yuanbaoshan) Steel, one in Mingfang Steel, two in Wen’an Steel, two in Yuhua Steel, one in Xinhui Steel and one in Guangyao Steel.Asian Metal Copyright Steel rolling mills and steel mills in Fengrun District, Tangshan, Hebei started to limit production from 8am to 8pm in order to protect the environment.Asian Metal Copyright Steel rolling mills and steel mills in Fengrun District, Tangshan, Hebei started to limit production from 8am to 8pm in order to protect the environment.Asian Metal Copyright49Mt for steel smelting.Asian Metal Copyright The production limitation policy was removed officially on February 27th and demand, as well as prices, increased slightly after the resumption of production at local steel enterprises and steel rolling mills.Asian Metal Copyright71Mt for iron smelting and 1.Asian Metal Copyright