Regular Square Billet Prices In Qian’an, Tangshan Were Raised Today

Published: Jun 8, 2023 15:49

Save

egular square billet prices in Qian’an, Tangshan were raised by 30 yuan/mt on June 8, and stood at 3,470 yuan/mt, including tax, ex-factory.

SHANGHAI, Jun 8 (SMM) – Regular square billet prices in Qian’an, Tangshan were raised by 30 yuan/mt on June 8, and stood at 3,470 yuan/mt, including tax, ex-factory.

More popular news:

SMM Daily Comments (Jun 2): All Metals Closed Higher with SHFE Nickel Leading Gains, Coke Surged

SMM Daily Comments (Jun 5): Base Metals Mostly Fell, Ferrous Metals Bucked the Trend to Surge, Oil Gained Further on Saudi Arabia Output Cuts in July

SMM Indonesia Nickel and Cobalt Industry Chain Conference: Global Nickel & Cobalt Supply and Demand Prospect, Impact from NEV Development

Glencore to Aggressively Expand Copper Capacity

World Bank Raises Forecast for Global Economic Growth in 2023 with Significant Increase for China, Emphasises Dangers of A High-Interest Rate Environment, But Lowers Forecast for 2024

Changan Automobile Denies Rumours of "Withholding Payment": NOT True and Has Reported to Public Security Authority

Commerzbank Lowers Price Forecast for Copper, Aluminium, Zinc and Nickel for 2023 and 2024

Rumours Say Glencore Will Raise Takeover Bid for Teck Resources, but Another Big Obstacle Lies Ahead

Commodity Price Bubble Finally Burst, but Metals Demand Will Surge

Spot market Market review

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

16 mins ago

[GPIL Resumes Operations at 2.0 MTPA Iron Ore Pellet Plant in Raipur]

Godawari Power and Ispat Ltd (GPIL) has resumed normal operations at its 2.0 MTPA iron ore pellet plant in Phase II, Siltara Industrial Area, Raipur, Chhattisgarh after a 46-day suspension. The plant was temporarily shut on July 14 amid elevated natural gas costs following GAIL supply constraints and price hikes as well as monsoon-related lower iron ore availability from the Ari Dongri Mines. With market conditions improving and cost pressures easing, GPIL has restarted production at the facility helping stabilize its overall production volumes for the second half of the financial year.

16 mins ago

17 mins ago

[NBS Interpretation of PMI Data for August 2026]

In August, the manufacturing PMI was 49.8%, up 0.6 percentage points from the previous month, with a rebound in business activity; the non-manufacturing business activity index was 49.0%, unchanged from the previous month; the composite PMI output index was 49.5%, up 0.2 percentage points from the previous month, indicating that the overall output climate of China's economy improved.

17 mins ago

18 mins ago

[Goa Auctions 24 Iron Ore Dump Lots Totalling Nearly 42Mt]

India’s Goa state has concluded the second phase of its iron ore dump auction programme, with all 24 lots covering about 41.94million tonnes of material successfully auctioned. Official data from the Goa Directorate of Mines & Geology show that the lots vary significantly in size, with the largest, Dump-18 at Sonus Vonvoilem/Cudnem in Sattari-Bicholim, containing around 11.73million tonnes. According to Goa Mines Director Narayan Gad, the state is expected to receive approximately 23.05USD million (2.2billion INR) in upfront payments from the auctions. The highest bid was recorded for Dump-14 at Cormonem in Dharbandora, containing about 843,258tonnes of material, where the winning bid reached 166% against a reserve level of 22%. The auction process could support a gradual increase in iron ore availability from Goa for both domestic use and exports, although actual movement of material will depend on statutory approvals, lifting schedules and other regulatory requirements applicable to individual sites.

18 mins ago