Chinese construction steel prices

Chinese construction steel prices

Construction steel prices have slightly fallen in Shanghai while the prices in other major Chinese markets remain as are. The prices are at the following levels:

6.5 mm diameter Q235 wire rod

Market        Origin               Price         Daily Change
                               (RMB)    (US$)       (RMB)
Shanghai      Pingxiang        2,980     369         -10                
Beijing       Shougang         2,820     349                        
Guangzhou     Shaougan Steel   3,030     375            

12 mm diameter HRB335 rebar

Market        Origin               Price          Daily Change
                               (RMB)    (US$)         (RMB)
Shanghai      Hubao            2,790     346          
Beijing       Shougang         2,840     352           
Guangzhou     Shaoguan Steel   3,250     403           

20 mm diameter HRB335 rebar

Market         Origin               Price         Daily Change
                               (RMB)    (US$)        (RMB)
Shanghai      Hubao            2,770     343          -10      
Beijing       Shougang         2,740     340          
Guangzhou     Tangsteel        3,090     383          

12 mm diameter HRB400 rebar

Market         Origin               Price          Daily Change
                               (RMB)    (US$)         (RMB)
Shanghai      Masteel          3,070     380           -10      
Beijing       Shougang         2,940     364           
Guangzhou     Masteel          3,280     406           

20 mm diameter HRB400 rebar

Market        Origin               Price          Daily Change
                               (RMB)    (US$)        (RMB)
Shanghai      Masteel          2,970     368          -10
Beijing       Shougang         2,840     352          
Guangzhou     Masteel          3,180     394          

Rebar prices in Shanghai are on theoretical weight basis and others are on actual weight basis. All prices include 17 percent VAT. RMB 8.07 = $1