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Steel prices go up on robust billet market

Prices of steel products increased in the opening of March spurred by rises in feedstock billet prices.

03-04-2021 16:48:02

Weaker billet steel demand impacts steel market little

The shutdown at private rolling mills and the environmental protections policy joint depressed the demand for billet steel. But this exerted limited influences on steel market.

10-30-2020 17:49:26

Billet prices inch up on falling inventory

Shandong (JLC), June 10, 2020--Billet prices continued to rise on the back of falling inventory as well as support from upstreak iron ore market.

06-10-2020 09:43:56

Billet prices rally on falling stocks

Shandong (JLC),March 12, 2020--Billet prices rebounded on March 10 due to downward stockpiles as downstream plants raised procurement for restocking.

03-12-2020 16:01:16

Billet prices down on waning demand

Shandong (JLC), January 3, 2020--?China billet market prices moved down, as some downstream plants suspended production affected by the issue of heavy pollution weather emergency response in heating season, and some downstream plants enjoyed meager margins.

01-03-2020 17:50:57

Tangshan billet market slack on weakened demand

Shandong (JLC), December 12, 2019--?The billet market in Tangshan was sluggish during December 9-11 dragged down by waning demand, in spite of supply shortage.

12-12-2019 09:13:28

?Steel prices eye short-term gains on rising billet prices

Shandong (JLC), June 26, 2019--?Tangshan-based steel plants raised offers by CNY50/mt on June 24 amid gains in billet prices and issue of production limitation policies.

06-26-2019 11:45:43

Billet prices likely to dip in short run

Shandong (JLC), May 16, 2019--?Billet prices will possibly go down in the short run, largely due to growing supply pressure.

05-16-2019 09:08:46

Section bar price stabilizes on billet market support

Domestic section bar price kept stable buoyed by feedstock billet market, as billet price rose from CNY3,550/mt to CNY3,610/mt from May 9th to May 16th, but the demand was subdued.

05-17-2018 15:30:28

Billet market sees stalemate amid weak fundamentals

Tangshan billet price kept rangebound in the week ended February 2nd amid rising supply but subdued demand.

02-07-2018 17:32:24

Tangshan billet market to be stable on weak demand

Tangshan billet market kept rangebound in the week ended January 12th. Billet price rebounded but the market was still lackluster amid slack demand.

01-16-2018 10:21:14

China billet price to drop in short run

Guidance: The billet price in Tangshan slumped in the week ended January 5th amid the thin market trading. Market players were bearish about the future market due to the weak demand caused by rain and snow weather nationwide.

01-09-2018 17:57:59

Government policy & a record-high billet price drove up steel price

Guidance: Section bar market suffered great pressure in these days. Traders had intentions to raise prices, and section bar price vibrated upward. But the market trading was thin.

12-14-2017 09:00:42

Billet price is likely to hit a new high on the stringent pro-environment inspection

Guidance: Domestic billet demand was better than expected as the output limitation policy had been in process. Billet market price stabilized recently, but it would hit a new high in the future.

12-12-2017 18:06:10

Can the rising billet price hit a new record high?

Guidance: The spot billet market picked up again as the futures market rebounded. On November 21st, Tangshan billet price gained by CNY30/mt totally to CNY3,830/mt.

11-23-2017 17:21:10

How will billet market perform before National Day

Guidance: Billet market price dropped in the week ended September 22nd. Tangshan billet price saw a total decline of CNY200/mt for three consecutive days. Will billet market price rebound or keep downtrend after price slump?

09-26-2017 16:58:44

Steel scrap market will go up boosted by billet price rise

In August, billet price kept rising, boosting steel scrap market. According to JLC, up to August 11th, Tangshan billet price gain totaled CNY300/mt, but scrap steel price only saw a total rise of CNY80/mt. Therefore, steel scrap traders had great expectations on price rise.

08-16-2017 11:19:02

August billet market forecast

Guide: Billet price went up in early July and vibrated downward in middle to late July. Will billet price continue dropping in August?

07-27-2017 14:02:18

How will billet move in June?

Spurred by multiple government policies, the whole steel prices vibrated upward in 2017. In late April, billet prices gained CNY200/mt on the month.

05-25-2017 17:05:07

Whether billet market can continue rising in late May?

The whole billet market went up in early May, and affected by the Belt and Road meeting, Tangshan steel market continued rising at last weekend. Whether billet market can keep growing?

05-16-2017 17:46:51

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