During the week ending June 20, Chinese domestic semi-finished steel prices have increased, while transaction activity in the market has been at medium levels. Average prices of steel billet and slab in the local Chinese market are presented in the following table.
During the given week, domestic semi-finished steel prices have moved up with the support of tighter supply and increases in ferrous metal futures prices, though downstream users have started to adopt a wait-and-see stance on purchases due to the higher prices. It is thought that semi-finished steel prices in China will move sideways 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 | 3,180 | 830 | ↑130 |
| Jinzhong | 3,100 | 809 | ↑90 | |||
| Fuzhou | 3,250 | 849 | ↑70 | |||
| Jiangyin | 3,320 | 867 | ↑120 | |||
| Average price | 3,212 | 839 | ↑102 | |||
| Billet | 150 mm x 150 mm | 20 MnSi | Tangshan | 3,280 | 856 | ↑130 |
| Jinzhong | 3,220 | 841 | ↑90 | |||
| Fuzhou | 3,350 | 875 | ↑70 | |||
| Jiangyin | 3,470 | 906 | ↑120 | |||
| Average price | 3,330 | 869 | ↑73 | |||
| Slab | 250*1800*6000 | Q235 | Tangshan, Hebei | 2,980 | 778 | 0 |
All prices are ex-warehouse and on actual weight basis and include 17 percent VAT.
$1 = RMB 6.83