Activity still very weak in Chinese domestic steel section market

Monday, 15 February 2016 17:14:16 (GMT+3)   |   Shanghai
       

The Chinese domestic steel section market has mostly followed a stable trend during the holiday week.

In the Shanghai market, the price of 50 mm x 50 mm x 5 m steel angles is now at $321/mt. The same product is sold at $283/mt in the Tangshan market and at $373/mt in the Guangzhou market. Meanwhile, prices of 160 mm x 65 mm x 8.5 mm steel channels stand at $312/mt in the Shanghai market, at $288/mt in Tangshan and at $369/mt in the Guangzhou market. In the Shanghai, Tangshan and Guangzhou markets, 250 mm x 118 mm x 10 m I-beam prices stand respectively at $323/mt, $297/mt and $380/mt. The prices are all ex-mill, including 17 percent VAT. Steel section prices in the Chinese domestic market can be viewed in the SteelOrbis price reports section.
 
As for billet, prices in the Chinese domestic market have moved on a slight uptrend in the past seven days. In Tangshan, the current price of Q235 150 x 150 mm square billet is at RMB 1,570/mt ($245/mt), the price of 165 x 225 mm rectangular billet stands at RMB 1,620/mt ($252/mt), while the price of 20MnSi billet is at around RMB 1,710/mt ($266/mt). The prices are all ex-mill, including 17 percent VAT.
 
Since today, February 15, is only the first day after the holiday period, most traders have not yet returned to the domestic steel section market. Overall trading activity is still very weak. The slight upticks seen in billet prices may provide support for some upward movement in domestic steel section prices in the coming week. 
 
Product name Spec. Category City  Steel plant/origin Price (RMB/mt) Price ($/mt) Weekly change (RMB/mt)
Angle 1 mm x 1 mm x 5 mm Q235  Shanghai Masteel 2,030 312 0
Beijing Tangshan 1,860 286 0
Tangshan Tangshan 1,790 275 40
Tianjin Zhaobo 2,050 315 0
Guangzhou Tongsteel 2,360 363 0
Average  - 2,018 310 8
Channel 160 mm x 65 mm x 8.5 mm Q235 Shanghai Masteel 1,970 303 0
Beijing Xuangang 1,900 292 0
Tangshan Tangshan 1,820 280 20
Tianjin Jiangtian 1,830 282 0
Guangzhou Liusteel 2,330 358 0
Average  - 1,966 302 4
I Beam 21 mm x 118 mm x 10 mm Q235 Shanghai Laiwu 2,040 314 0
Beijing Laiwu 1,920 295 0
Tangshan  Tangshan 1,880 289 ↓20
Tianjin Haicheng 1,950 300 ↓20
Guangzhou Haicheng 2,400 369 0
Average  - 2,038 314 ↓8
 
The prices are on theoretical weight basis, all prices include 17 percent VAT and all prices are ex-warehouse.
 
$1 = RMB 6.5
 


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