China's Steel Prices Up On Better Demand

- Apr 11, 2018-

China's steel prices up on better demand


Mysteel's Tangshan Q235 billet benchmark, the weathervane of China's steel market, jumped another Yuan 50/tonne ($7.9/t) day on day to Yuan 3,460/t EXW including the 17% VAT on April 10, as suppliers, with low stocks, are keen to lift offering prices on noting the renewed interest of buying among traders and re-rollers on recent domestic steel price recovery.


Mysteel's Tangshan Q235 billet benchmark, the weathervane of China’s steel market, jumped another Yuan 50/tonne ($7.9/t) day on day to Yuan 3,460/t EXW including the 17% VAT on April 10, as suppliers, with low stocks, are keen to lift offering prices on noting the renewed interest of buying among traders...


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