Billet prices skyrocketing weekend, Southern China steel prices rose?
So, three month contract period, even transportation during two days, there will be a big money and lose big reversal.
This week, although steel prices also rose a few days, but since entering November, the price rose a week, a week plummeted, then rebounded sharply, the roller coaster trend, make steel practitioners the feeling of being alone.
In December 5th, the billet price in Hebei was 2780 yuan per ton, a new high since two years and three months, a rise of more than 85% over the same period of last year.
