Slight downward fluctuations in Chinese steel section market

Monday, 18 June 2012 17:02:43 (GMT+3)   |  
       

The steel section market in China has witnessed some slight downward fluctuations during the past week, especially in the southern and eastern parts of the country.

In the Shanghai market, the price of 50 mm x 50 mm x 5 m steel angles is now at $654/mt. The same product is sold at $629/mt in the Tangshan market and at $683/mt in the Guangzhou market. Meanwhile, prices of 160 mm x 65 mm x 8.5 mm steel channels stand at $654/mt in the Shanghai market, at $630/mt in Tangshan and at $679/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 $670/mt, $644/mt and $683/mt. The prices are all ex-mill, including 17 percent VAT. Average steel section prices in China can be viewed in the SteelOrbis price reports section.  

As for billet, prices in the Chinese market have moved on a stable trend during the past week. In Tangshan, the current price of Q235 150 x 150 mm square billet is at RMB 3,590/mt ($568/mt), the price of 165 x 225 mm rectangular billet stands at RMB 3,620/mt ($573/mt), while the price of 20MnSi billet is around RMB 3,710/mt ($587/mt). The prices are all ex-mill, including 17 percent VAT.

While the domestic steel market in China has received a boost from government measures, the overseas markets are still characterized by uncertainty. Current demand for steel sections is slack, while inventory levels remain low and so there is no great pressure on market players to get rid of stocks. Observers believe that there is limited room for further decreases in the domestic steel section market given the support of billet prices. 


Similar articles

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

22 Mar | Steel News

Chinese domestic steel section prices follow upward trend

11 Dec | Longs and Billet

Turkey-based IDC posts net loss for January-September

08 Nov | Steel News

Chinese domestic steel section prices decline further

16 Oct | Longs and Billet

Chinese domestic steel section prices soften slightly

10 Oct | Longs and Billet

Chinese domestic steel section prices soften slightly

25 Sep | Longs and Billet

Chinese domestic steel section prices follow an upward trend

18 Sep | Longs and Billet

Chinese domestic steel section prices indicate softening

11 Sep | Longs and Billet

Chinese domestic steel section prices move up by small margins

04 Sep | Longs and Billet

Chinese domestic steel section prices fluctuate

28 Aug | Longs and Billet