Chinese domestic steel section market follows stable trend due to holiday

Tuesday, 20 September 2016 14:03:00 (GMT+3)   |   Shanghai
       

Chinese domestic steel section prices have showed a stable trend during the past week.

In the Shanghai market, the price of 50 mm x 50 mm x 5 m steel angles is now at $405/mt. The same product is sold at $363/mt in the Tangshan market and at $429/mt in the Guangzhou market. Meanwhile, prices of 160 mm x 65 mm x 8.5 mm steel channels stand at $400/mt in the Shanghai market, at $366/mt in Tangshan and at $450/mt in the Guangzhou market. In the Shanghai, Tangshan and Guangzhou markets, 250 mm x 118 mm x 10 m I-beam prices stand respectively at $414/mt, $382/mt and $481/mt. The prices are all ex-mill, including 17 percent VAT. Steel section prices in the Chinese domestic market can be viewed in the SteelOrbis price reports section.

As for billet, prices in the Chinese domestic market got a stable trend in last week. In Tangshan, the current price of Q235 150 x 150 mm square billet is at RMB 2,170/mt ($325/mt), the price of 165 x 225 mm rectangular billet stands at RMB 2,200/mt ($330/mt), while the price of 20MnSi billet is at around RMB 2,290/mt ($343/mt). The prices are all ex-mill, including 17 percent VAT.

Chinese section prices followed a stable trend in the past week. Overall trade volume was at a low level since the market was on holiday late last week due to Mid-Autumn Day. As for the coming week, it is believed that domestic steel section prices may see a fluctuating trend with an upward movement, with the trade volume expected to grow.
Product nameSpec.CategoryCity Steel plant/originPrice (RMB/mt)Price ($/mt)Weekly change (RMB/mt)
Angle50 mm x 50 mm x 5 mmQ235 ShanghaiMasteel2,7004050
BeijingTangshan2,2403360
TangshanTangshan2,4203630
TianjinZhaobo2,3003450
GuangzhouTongsteel2,8604290
Average -2,5043760
Channel160 mm x 65 mm x 8.5 mmQ235ShanghaiMasteel2,6704000
BeijingXuangang2,3103470
TangshanTangshan2,4403660
TianjinJiangtian2,3503530
GuangzhouLiusteel3,0004500
Average -2,5543830
I Beam250 mm x 118 mm x 10 mmQ235ShanghaiLaiwu2,7604140
BeijingLaiwu2,4803720
Tangshan Tangshan2,5503820
TianjinHaicheng2,4603690
GuangzhouHaicheng3,2104810
Average -2,6924030

1$ = 6,67 INR


Similar articles

H-beam prices in local Chinese market - week 13, 2024

26 Mar | Longs and Billet

Chinese domestic steel section prices decrease slightly

25 Mar | Longs and Billet

Turkey’s Kardemir issues planned sales volumes for April-June

22 Mar | Steel News

US beam imports up 11.2 percent in January

20 Mar | Steel News

US beam exports up 48.3 percent in January

19 Mar | Steel News

H-beam prices in local Chinese market - week 12, 2024

19 Mar | Longs and Billet

Chinese domestic steel section prices keep declining

18 Mar | Longs and Billet

H-beam prices in local Chinese market - week 11, 2024

12 Mar | Longs and Billet

Chinese domestic steel section prices continue slight downtrend

11 Mar | Longs and Billet

Bulgarian longs prices drop amid lower scrap prices, sluggish demand

07 Mar | Longs and Billet