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Home / Metal News / Tangshan Spot Steel Billet prices gain RMB 50 a ton

Tangshan Spot Steel Billet prices gain RMB 50 a ton

iconDec 2, 2016 20:29
Source:scrapregister
It was a quiet end to the week after a roller coaster ride in the Chinese ferrous markets. The spot iron ore market, as well as the paper markets, had a day of very thin activity with most transaction

UNITED KINGDOM December 02 2016 4:32 PM

LONDON (Scrap Register): It was a quiet end to the week after a roller coaster ride in the Chinese ferrous markets. The spot iron ore market, as well as the paper markets, had a day of very thin activity with most transactions taking place index linked. 

On COREX, a portside transaction for 20kt PB fines traded at a price linked to the DCE futures. On globalORE, 62% Fe SSFG fines were traded at a floating price, and 62% Fe PB fines were at 75.8/79.5. In China, port stock prices were unchanged. 

Spot steel billet prices in Tangshan gained RMB 50/t, while spot rebar prices in Beijing were flat. The most active DCE iron ore contract inched up 0.17%, while SHFE rebar futures went up 1.26%. 

All prices US$/dmt CFR China, unless stated otherwise.

Spot Steel Billet prices

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