During the week ending March 7, Chinese domestic semi-finished steel prices have indicated downward movement, while transaction activity in the market has slackened and is now at low-to-medium levels. Average prices of steel billet and slab in the local Chinese market are presented in the following table.
During the given week, semi-finished steel prices in the Chinese domestic market have decreased, resulting in a reduction in speculative purchases in the market. Iron ore prices have softened, exerting negative pressure on domestic semi-finished steel prices. Many buyers are unwilling to conclude purchases and are maintaining a wait-and-see stance. It is thought that semi-finished steel prices in the Chinese domestic market will likely move down further in the coming week.
Product Name |
Spec. |
Category |
City |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
150 mm x 150 mm |
Q195-Q235 |
Tangshan |
3,230 |
469 |
↓150 |
|
Jinzhong |
3,100 |
450 |
↓150 |
|||
Fuzhou |
3,350 |
486 |
↓100 |
|||
Jiangyin |
3,450 |
501 |
↓50 |
|||
Average price |
3,282 |
476 |
↓112 |
|||
150 mm x 150 mm |
20 MnSi |
Tangshan |
3,350 |
486 |
↓150 |
|
Jinzhong |
3,200 |
464 |
↓150 |
|||
Fuzhou |
3,450 |
501 |
↓100 |
|||
Jiangyin |
3,600 |
522 |
↓30 |
|||
Average price |
3,400 |
493 |
↓108 |
|||
250*1800*6000 |
Q235 |
Tangshan, Hebei |
3,250 |
472 |
↓100 |
All prices are ex-warehouse and on actual weight basis and include 17 percent VAT.
$1 = RMB 6.89