GLOBAL BILLET WRAP: China price rises buck trend as global demand stays soft

摘要

Steel billet prices in the global markets remained steady or went up slightly during the week from Monday July 23 to Friday July 27. But demand in the major markets was still subdued, with the exception of China.Billet prices in China were 3,790 yuan ($558) per tonne on July 27, up by 70 yuan per tonne from the previous Friday.The inventory for the product in Tangshan was 310,000 tonnes on Friday, up by 30,000 tonnes from a week before, a billet trader in Tangshan said, quoting a local industry information provider.