Steel Billet Prices

  • Current Steel Billet Prices:
    • Mian’an: 3020
    • Songting: 3030
    • Including Tax for Traders: 3080
  • Weekly Trend:
    • Monday: -20
    • Tuesday: -30
    • Wednesday: Stable
    • Thursday: -20
    • Total Weekly Drop: -70 (Previous Price: 3090)

Market Outlook

🔄 Steel Billet:

  • Steel billet prices continue to soften, with a total drop of 70 yuan this week.
  • Post-holiday work resumption: Expecting to see clearer demand trends once production resumes.

Overnight Market Recap

  • Rebar : 3258 (-19)
  • Hot-rolled Coil : 3380 (-15)
  • Coke : 1685 (-20.5)
  • Iron Ore : 808.5 (-10)

Market Insight

📉 Demand Concerns:
With most factories resuming operations, demand dynamics will become clearer, but overall sentiment remains cautious. Short-term market volatility is expected as players adjust to post-holiday supply and demand balances.

Stay vigilant for possible shifts in demand once activities pick up.

📌 Daily insights provided by LangZo Steel. For reprints, please credit LangZo Steel.