Chinese steel section market sees downward trend

Monday, 20 August 2012 13:42:06 (GMT+3)   |  
       

The Chinese steel section market has continued its downward movement in the past week, with higher decreases in billet prices as compared to the previous week.  

In the Shanghai market, the price of 50 mm x 50 mm x 5 m steel angles is now at $595/mt. The same product is sold at $544/mt in the Tangshan market and at $620/mt in the Guangzhou market. Meanwhile, prices of 160 mm x 65 mm x 8.5 mm steel channels stand at $595/mt in the Shanghai market, at $550/mt in Tangshan and at $639/mt in the Guangzhou market. In Shanghai, Tangshan and Guangzhou markets, 250 mm x 118 mm x 10 m I-beam prices stand respectively at $591/mt, $565/mt and $615/mt. The prices are all ex-mill, including 17 percent VAT. Average steel section prices in the main markets in China can be viewed in the SteelOrbis price reports section. 

As for billet, prices in the Chinese market had a downward trend during last week. In Tangshan, the current price of Q235 150 x 150 mm square billet is at RMB 3,110/mt ($512/mt), the price of 165 x 225 mm rectangular billet stands at 3,140/mt ($517/mt), while the price of 20MnSi billet is around RMB 3,230/mt ($511/mt). The prices are all ex-mill, including 17 percent VAT.

Since section mills continued to reduce production costs, section prices could decrease further. Market players believe the market will also maintain a downward trend in the coming week.


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