During the week ending September 5, Chinese domestic semi-finished steel prices have increased, while transaction activity in the market has been at low-to-medium levels. Average prices of steel billet and slab in the local Chinese market are presented in the following table.
During the given week, sentiment in the semi-finished steel market has received a boost after a fire broke out on September 1 at Bengang Steel Plate Co., as shortages of finished steel supply may result, which would provide support for prices. It is thought that semi-finished steel prices will likely move up further in the coming week.
Product Name |
Spec. |
Category |
City |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
Billet |
150 mm x 150 mm |
Q195-Q235 |
Tangshan |
3,820 |
583 |
↑90 |
Jinzhong |
3,720 |
568 |
↑120 |
|||
Fuzhou |
4,000 |
611 |
↑110 |
|||
Jiangyin |
4,030 |
615 |
↑130 |
|||
Average price |
3,893 |
594 |
↑113 |
|||
Billet |
150 mm x 150 mm |
20 MnSi |
Tangshan |
3,920 |
598 |
↑90 |
Jinzhong |
3,840 |
586 |
↑120 |
|||
Fuzhou |
4,100 |
626 |
↑110 |
|||
Jiangyin |
4,180 |
638 |
↑130 |
|||
Average price |
4,010 |
612 |
↑113 |
|||
Slab |
250*1800*6000 |
Q235 |
Tangshan, Hebei |
3,750 |
573 |
↑50 |
All prices are ex-warehouse and on actual weight basis and include 17 percent VAT.
$1 = RMB 6.55