Tangshan Spot price as I type:
The price difference is from last night closing price, I slept early last night so didn't post, sorry.
- Strip 3450 down 10 yuan
- Wire 3600 up 30 yuan
- Rebar 3800 down 50 yuan
- Hot Roll 3680 up 20 yuan
- Plate 3720 up 20 yuan
- Tube 3650 down 30 yuan
- PB62% seaborne IO 700 yuan down 5 yuan
Rest unchanged.
Watch out, steel rebar price and IO have dropped and a correction is coming, I can tell you what news article you gonna find when you google - IO is going US$45!! Wait, I filled up the patrol today and it's 2 cents cheaper than yesterday, Oil is having a correction, maybe I should stop driving and ride a bike to work from now on, please.
DYOR.
Frank.
FMG / IO Outlook and News, page-469
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