The momentum continued in China’s steel prices especially for the Tangshan Q235 150mm square billet price, which rose for the tenth working day by Yuan 20/t ($3/t) on day to Yuan 5,060/t EXW including the VAT on Wednesday, though still at its 12.5-year high, while spot trading of construction steel reversed down by 17.6% on day, according to Mysteel’s tracking, indicating the growing cautiousness.
Source : https://www.mysteel.net/article