Steel billet market report January 2013
2013-02-07 10:30:19 【Print】
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Values in domestic steel billet market depressed after a wave of appreciation in January. Motivated by the surge in imported iron ore market prices increased in domestic raw material market and steel billet after the New Year holiday as quotations of steel billet Q235 150mm*150mm gained to as high as RMB3,400-3,420/t ex-work VAT included in market in Tangshan, Hebei; then steel billet rates kept showing downward tendency due to sporadic demand in steel market. Seeing the approaching Spring Festival, most construction projects ceased production for workers going home for holiday. Therefore, the end-user demand from steel market diminished, and prices held stable with normal transactions.
