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Mysteel weekly review of China's section steel market (Dec 12-Dec 16)
Dec 19, 2016  14:34:54
Abstraction: Steel billet prices fluctuated upward this week. On December 16, prices of steel billet made in Tangshan quoted at 3040 yuan/tonne (cash payment with 17% VAT included), increasing by 150 yuan/tonne. Steel billet inventory in major warehouses and ports in Tangshan was reported at 467,000 tonnes, declining by 10,000 tonnes week-on-week, while increasing by 6,000 tonnes from the same period last year, implying trading companies' bullish outlooks towards market afterwards.
Domestic section steel market started this week with robust hike, but could not hold the price firm in later days and finally ended up the week with slight decline, as the instant price shoot-up paused buyers’ order placing. As of last Friday (Dec 16), the average price of 200*100 H-beam...

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