During the week ending October 18, Chinese domestic semi-finished steel prices have indicated a rising trend, while transaction activity in the overall market has been at medium 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 trend of domestic finished steel prices has provided support for the upward movement of semi-finished steel prices in China. Meanwhile, rolling mills are now showing greater willingness to purchase semi-finished steel, resulting in better activity. With bullish sentiment prevailing in the domestic semi-finished steel market, Chinese steelmakers have increased their offer prices for semi-finished steel. It is thought that semi-finished steel prices in the Chinese domestic market will continue their upward trend in the coming week since market participants are mostly optimistic on the future prospects for the market.
Product Name |
Spec. |
Category |
City |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
150 mm x 150 mm |
Q195-Q235 |
Tangshan |
2,300 |
341 |
↑100 |
|
Jinzhong |
2,200 |
326 |
↑80 |
|||
Fuzhou |
2,280 |
338 |
↑10 |
|||
Jiangyin |
2,300 |
341 |
↑100 |
|||
Average price |
2,270 |
337 |
↑73 |
|||
150 mm x 150 mm |
20 MnSi |
Tangshan |
2,400 |
356 |
↑90 |
|
Jinzhong |
2,300 |
341 |
↑80 |
|||
Fuzhou |
2,380 |
353 |
↑20 |
|||
Jiangyin |
2,400 |
356 |
↑100 |
|||
Average price |
2,370 |
352 |
↑73 |
|||
250*1800*6000 |
Q235 |
Tangshan, Hebei |
2,290 |
340 |
↑20 |
All prices are ex-warehouse and on actual weight basis and include 17 percent VAT.
$1 = RMB 6.74