During the week ending July 19, Chinese domestic semi-finished steel prices have indicated a downward trend, though remaining stable in the provinces of Shanxi and Fujian, while transaction activity in the overall market has been at low levels. Average prices of steel billet and slab in the local Chinese market are presented in the table below.
During the given week, the rising movement of domestic finished steel prices has come to a halt, exerting a negative impact on semi-finished steel prices in China. Meanwhile, the declining trend of ferrous metal product futures prices has also negatively affected the trend of the semi-finished steel market. Currently, rolling mills' production capacity utilization rates are at reduced levels, resulting in weak transaction activity in the semi-finished steel market. It is thought that semi-finished steel prices in the Chinese domestic market will likely indicate a slight downtrend in the coming week.
Product Name | Spec. | Category | City | Price (RMB/mt) | Price ($/mt) | Weekly Change (RMB/mt) |
12 mm x 12 mm | Q195-Q235 | Tangshan | 2,040 | 305 | ↓30 | |
Jinzhong | 2,000 | 299 | ↔0 | |||
Fuzhou | 2,060 | 308 | ↔0 | |||
Jiangyin | 2,100 | 314 | ↓50 | |||
Average price | 2,050 | 306 | ↓20 | |||
12 mm x 12 mm | 20 MnSi | Tangshan | 2,120 | 317 | ↓30 | |
Jinzhong | 2,100 | 314 | ↔0 | |||
Fuzhou | 2,180 | 326 | ↔0 | |||
Jiangyin | 2,200 | 329 | ↓50 | |||
Average price | 2,150 | 321 | ↓20 | |||
250*1800*6000 | Q235 | Tangshan,Hebei | 2,100 | 314 | ↓30 |
The above prices include 17 percent VAT
$1 = RMB 6.69