| Clips | ||
| Billet price further increase in Jiangsu - 09 Jul, 2008 | ||
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It is reported that billet market shows overall upswings recently in Jiangsu. As per report, price for common carbon billet has advanced by CNY 100 per tonne to CNY 5400 per tonne, price for low alloy billet up by CNY 50 per tonne to CNY 5400 per tonne. Local enterprises note that the reviving rebar market has pushed up billet prices. And mainstream offer price goes at CNY 5260 per tonne to CNY 5270 per tonne for free inspection whereas large scale rebar in Shanghai up by CNY 30 per tonne from the previous day and CNY 5150 per tonne to CNY 5160 per tonne for other grades up by CNY 50 per tonne. Higher raw materials prices like coke have placed a solid floor under billet market. Mysteel predicts the local billet price would vibrate in days to come. (Sourced from MySteel.net) | ||
| Export And Import Levels | ||
 | Coal prices dip to USD 162 a tonne in Australia | |
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| Chinese HDG exports price witness rebound | |
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| Chinese rebar export market remain slow | |
| Trade Issues | ||
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| Indian steel companies push for iron ore export tax hike | |
