November9: Tangshan billet prices fell by 150 yuan/ton, steel price tends weak

On November 9, the domestic steel market price decline expanded, Tangshan ordinary billet fell 150 yuan/ton($24/ton) to 4450 yuan/ton($700/ton).

Steel spot market

Construction Steel: On November 9, the average price of 20mm Class III seismic rebar in 31 major cities in China was 4950 yuan/ton($779/ton), down 45 yuan/ton($7/ton) from the previous trading day.

Hot-rolled coils: On November 9, the average price of 4.75mm hot-rolled coils in 24 major cities in China was 5,078 yuan/ton($799/ton), down 42 yuan/ton($6.6/ton) from the previous trading day.

Cold rolled coil: On November 9, the average price of 1.0mm cold coil in 24 major cities in China was 5,932 yuan/ton($934/ton), down 42 yuan/ton($6.6/ton) from the previous trading day.

Raw material spot market

Imported ore: On November 9, the spot market price of imported iron ore fluctuated weakly, and trading sentiment was so so.
Coke: On November 9, the coke market operated weakly and steadily

Scrap steel: On November 9th, the scrap market price remained stable. The scrap price of mainstream steel mills remained stable, and the scrap price of the mainstream market remained stable.