During the week ending December 27, Chinese domestic semi-finished steel prices have indicated a declining trend, while transaction activity in the market has been at low levels. Average prices of steel billet and slab in the local Chinese market are presented in the following table.
During the given week, futures prices in China have indicated significant declines, exerting negative pressure on semi-finished steel prices in the domestic spot market. Meanwhile, with the declining raw material prices and due to the approaching Chinese New Year holiday (Jan. 27-Feb. 2) which is traditionally off-season in China, it is thought that semi-finished steel prices in the Chinese domestic market will likely continue their downward trend in the coming week.
Product Name |
Spec. |
Category |
City |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
150 mm x 150 mm |
Q195-Q235 |
Tangshan |
2,830 |
407 |
↓170 |
|
Jinzhong |
2,720 |
391 |
↓200 |
|||
Fuzhou |
2,900 |
417 |
↓200 |
|||
Jiangyin |
3,000 |
432 |
↓200 |
|||
Average price |
2,863 |
412 |
↓193 |
|||
150 mm x 150 mm |
20 MnSi |
Tangshan |
2,940 |
423 |
↓160 |
|
Jinzhong |
2,820 |
406 |
↓200 |
|||
Fuzhou |
3,000 |
432 |
↓200 |
|||
Jiangyin |
3,100 |
446 |
↓200 |
|||
Average price |
2,965 |
427 |
↓190 |
|||
250*1800*6000 |
Q235 |
Tangshan, Hebei |
2,800 |
403 |
↓200 |
All prices are ex-warehouse and on actual weight basis and include 17 percent VAT.
$1 = RMB 6.95