Tangshan steel billets rose by 150 yuan/ton to 4650 yuan/ton.

The support effect of the billet cost on the price will continue to exist. At present, the billet cost in Tangshan is as high as 4,320 yuan / ton, and the billet profit has narrowed significantly.

In terms of supply and demand, due to the impact of the heating season and the production restriction of the Beijing Winter Olympics, the export resources of Tangshan's steel billets are in short supply during the Spring Festival. Although the steel billet manufacturers are currently in a state of shutdown and the demand for steel billets is relatively suppressed, the manufacturers are optimistic about the short-term market expectations and actively purchase for stocking up.

The market opened after the Spring Festival, and the ex-factory price of Tangshan steel billets rose by 150 yuan/ton to 4,650 yuan/ton. The spot price in Tangshan rose by 150 yuan/ton compared with the last trading day before the holiday. To sum up, it is expected that the post-holiday billet will show an upward trend and then drop slightly.