Supply volumes increase in sluggish local Chinese steel section market

Monday, 29 June 2015 17:02:14 (GMT+3)   |   Shanghai
       

The Chinese domestic steel section market has mostly moved on a slight downtrend in the past seven days.

In the Shanghai market, the price of 50 mm x 50 mm x 5 m steel angles is now at $400/mt. The same product is sold at $331/mt in the Tangshan market and at $421/mt in the Guangzhou market. Meanwhile, prices of 160 mm x 65 mm x 8.5 mm steel channels stand at $389/mt in the Shanghai market, at $327/mt in Tangshan and at $424/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 $384/mt, $337/mt and $421/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 have moved sideways during the past week. In Tangshan, the current price of Q235 150 x 150 mm square billet is at RMB 1,820/mt ($293/mt), the price of 165 x 225 mm rectangular billet stands at RMB 1,850/mt ($298/mt), while the price of 20MnSi billet is at around RMB 1,940/mt ($312/mt). The prices are all ex-mill, including 17 percent VAT.

During the past week, prices in the local Chinese steel section market have decreased by smaller margins compared to the previous week, while in a few areas prices have moved sideways. Overall trading activity in the market has remained slack, whereas volumes of output and supply have continued to increase due to the relatively low levels of billet prices. As for the coming week, it is believed that domestic steel section prices will indicate further slight downticks.

Product nameSpec.CategoryCity Steel plant/originPrice (RMB/mt)Price ($/mt)Weekly change (RMB/mt)
Angle1 mm x 1 mm x 5 mmQ235 ShanghaiMasteel2,480399↓40
BeijingTangshan2,2003540
TangshanTangshan2,0503300
TianjinZhaobo2,4303910
GuangzhouTongsteel2,610420↓40
Average -2,354379↓16
Channel160 mm x 65 mm x 8.5 mmQ235ShanghaiMasteel2,410388↓40
BeijingXuangang2,2203570
TangshanTangshan2,0303270
TianjinJiangtian2,0903370
GuangzhouLiusteel2,630424↓70
Average -2,276367↓22
I Beam21 mm x 118 mm x 10 mmQ235ShanghaiLaiwu2,380383↓40
BeijingLaiwu2,2603640
Tangshan Tangshan2,0903370
TianjinHaicheng2,2803670
GuangzhouHaicheng2,610420↓20
Average -2,324374↓12

The prices are on theoretical weight basis, all prices include 17 percent VAT and all prices are ex-warehouse.
 
$1 = RMB 6.21


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