Chinese domestic semi-finished steel market indicates sharp uptrend

Tuesday, 12 April 2016 15:34:37 (GMT+3)   |   Shanghai
       

During the week ending April 12, semi-finished steel prices in the Chinese domestic market have indicated sharp increases, while transaction activity in the overall market has been at decent levels. Average prices of steel billet and slab in the local Chinese market are presented in the table below.

During the given week, the sharp rises in finished steel prices in China exerted a positive impact on domestic semi-finished steel prices. Due to increased profit margins, rolling mills have been more willing to purchase semi-finished steel, resulting in an improvement in transaction activities in the semi-finished steel market. Meanwhile, ferrous metal futures prices have indicated a rising trend and will likely continue to rise in the short term. It is thought that semi-finished steel prices in the Chinese domestic market will likely continue their rising trend in the coming week.

 

Product Name

Spec.

Category

City

Price (RMB/mt)

Price ($/mt)

Weekly Change (RMB/mt)

Billet

12 mm x 12 mm

Q195-Q235

Tangshan

2,280

353

200

Jinzhong

2,230

345

180

Fuzhou

2,200

341

140

Jiangyin

2,230

345

180

Average price

2,235

346

175

Billet

12 mm x 12 mm

20 MnSi

Tangshan

2,350

364

200

Jinzhong

2,350

364

200

Fuzhou

2,320

359

140

Jiangyin

2,350

364

200

Average price

2,318

359

185

Slab

250*1800*6000

Q235

Tangshan,Hebei

2,350

364

250

The above prices include 17 percent VAT
 
$1 = RMB 6.46


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