Chinese domestic long steel market slips down this week with the shrinking deals compared with last week. As a result of weakening demand, domestic long steel prices go down slightly this week.
Rebar prices in Chinese domestic markets
Product Name |
Specification |
Category |
City |
Steel Plant/Place of Origin |
Price |
Ф25mm |
HRB335 |
Shanghai |
Baosteel |
759 |
|
BeiJing |
Shougang |
781 |
|||
Guangzhou |
Shaoguan Steel |
803 |
|||
Average price |
|
781 |
|||
Ф25mm |
HRB400 |
Shanghai |
Rizhao |
765 |
|
BeiJing |
Shougang |
796 |
|||
Guangzhou |
Shaoguan Steel |
832 |
|||
Average price |
|
798 |
Rebar prices are adjusted downwards by $1.6-6.3/mt. HRB335 is reported at $781/mt and HRB400 is reported at $798/mt across China.
Wire rod prices decreased by $1.6-6.5/mt week on week. Ф8mm wire rod is offered at $796/mt in China.
Wire rod prices in local markets
Product Name |
Specification |
Category |
City |
Steel Plant/Place of Origin |
Price ($/mt) |
Ф8mm |
Q235 |
Shanghai |
Pingxiang |
790 |
|
BeiJing |
Shougang |
782 |
|||
Guangzhou |
Shaoguan Steel |
817 |
|||
Average price |
|
796 |
|||
Ф6.5mm |
Q235 |
Shanghai |
Pingxiang |
789 |
|
BeiJing |
Shougang |
782 |
|||
Guangzhou |
Shaoguan Steel |
820 |
|||
Average price |
|
797 |
The sluggish demand is picking up with the high season approaching and housing activity stepping up. As a result, long steel prices are expected to increase next week.