During the week ending January 9, Chinese domestic semi-finished steel prices have decreased, while transaction activity in the market has been 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, finished steel prices in China have moved down, exerting a negative impact on domestic semi-finished steel prices. With semi-finished steel prices moving down, some rolling mills have shown a willingness to conclude purchases at lower prices. Market participants are becoming more active in concluding purchases, which will likely provide some support for semi-finished steel prices in the coming period. It is thought that semi-finished steel prices will likely indicate just a slight downtrend in the week ahead.
Product Name |
Spec. |
Category |
City |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
150 mm x 150 mm |
Q195-Q235 |
Tangshan |
3,570 |
547 |
↓160 |
|
Jinzhong |
3,480 |
533 |
↓170 |
|||
Fuzhou |
3,940 |
603 |
↓190 |
|||
Jiangyin |
3,850 |
590 |
↓100 |
|||
Average price |
3,710 |
568 |
↓155 |
|||
150 mm x 150 mm |
20 MnSi |
Tangshan |
3,690 |
565 |
↓160 |
|
Jinzhong |
3,600 |
551 |
↓170 |
|||
Fuzhou |
4,040 |
619 |
↓190 |
|||
Jiangyin |
4,000 |
613 |
↓100 |
|||
Average price |
3,833 |
587 |
↓155 |
|||
250*1800*6000 |
Q235 |
Tangshan, Hebei |
3,930 |
602 |
↓30 |
All prices are ex-warehouse and on actual weight basis and include 17 percent VAT.
$1 = RMB 6.53
