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Billet price correction,a possible blessing in disguise
Dec 21, 2016  12:00:26
Abstraction: December 20 saw a bearish market. In 18 of the 25 monitored cities, which includes Shanghai, Jinan, Guangzhou and Beijing, rebar prices fell 10-100 yuan/tonne, and 15 cities like Jinan, Wuhan, Tianjin, Shenyang and Chongqing etc., witnessed descents varied from 10 to 60 yuan in HRC price. Moreover, a decline ranging from 10 to 50 yuan in medium and heavy plate was seen in 17 cities, including Shanghai, Jinan, Chongqing, Beijing.
December 20 saw a bearish market. In 18 of the 25 monitored cities, which includes Shanghai, Jinan, Guangzhou and Beijing, rebar prices fell 10-100 yuan/tonne, and 15 cities like Jinan, Wuhan, Tianjin, Shenyang and Chongqing etc., witnessed descents varied from 10 to 60 yuan in HRC price. Moreover, a decline...

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