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PrintIn Northern China, prices for billet and refined iron ore dropped slightly, and the coke price was relatively stable.
Steel mills in Hebei Tangshan cut its purchase price for refined iron ore by RMB40-50/mt, to RMB1,450/mt. Quite a few mine companies suspended quoting prices. Steel mills in Handan and Xingtai cut the purchase price by RMB30/mt. Steel mills in the northeast cut their purchase price for refined iron ore by RMB50/mt, to RMB1,290-1,330/mt.
For the billet, following the RMB40-50 drop last weekend, cost price for billet in Tangshan dropped another RMB10/mt. Now price for ordinary carbon square billet is RMB4,130-4,140/mt, price for 20MnSi square billet is RMB4,260-4,280/mt, with a plain trading volume. Billet companies in Handan and Xingtai quoted prices at RMB4250-4270/mt, dropping RMB20-30/mt.
Coke prices run smoothly. Quasi-first level metallurgical coke sweep prices in Shanxi kept at RMB2,000-2,050/mt, first level metallurgical coke sweep prices at RMB2,100-2,140/mt, second level metallurgical coke prices at RMB1,820-1,850/mt. The second level metallurgical coke prices in Handan were RMB1,860-1,880/mt.
Coking coal prices were stable. Large coal mines in Shanxi quoted prices for coking coal at RMB1,460-1,650/mt, in Heibei at RMB1,560/mt, and in Heilongjiang at RMB1,570 to 1,630/mt.
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