Section steel prices in local Chinese market – week 4

Product Name

Spec.

Category

City

Steel Plant/Origin

Price (RMB/mt)

Price ($/mt)

Weekly Change (RMB/mt)

Angle

1 mm x 1 mm x 5 mm

Q235

Shanghai

Masteel

2,850

458

↓100

Beijing

Tangshan

2,420

389

↓30

Tangshan

Tangshan

2,300

370

↓30

Tianjin

Zhaobo

2,750

442

0

Guangzhou

Tongsteel

2,980

479

↓10

Average

 -

2,660

428

↓34

Channel

160 mm x 65 mm x 8.5 mm

Q235

Shanghai

Masteel

2,800

450

↓60

Beijing

Xuangang

2,410

387

↓30

Tangshan

Tangshan

2,340

376

↓10

Tianjin

Jiangtian

2,310

371

↓60

Guangzhou

Liusteel

3,150

506

↓30

Average

 -

2,602

418

↓38

I Beam

21 mm x 118 mm x 10 mm

Q235

Shanghai

Laiwu

2,800

450

↓80

Beijing

Laiwu

2,690

432

↓30

Tangshan

Tangshan

2,370

381

↓40

Tianjin

Haicheng

2,510

404

↓140

Guangzhou

Haicheng

3,110

500

↓10

Average

 -

2,696

433

↓60