During the week ending July 25, Chinese domestic semi-finished steel prices have mostly 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, inventories of semi-finished steel have been at relatively low levels, thereby providing support for semi-finished steel prices. On the other hand, domestic steelmakers’ profitability has declined to a certain extent lately, negatively affecting demand for semi-finished steel and resulting in downward pressure on prices. It is thought that semi-finished steel prices in the Chinese domestic market will move sideways 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 |
3,450 |
511 |
↓20 |
|
|
Jinzhong |
3,370 |
499 |
↓30 |
|||
|
Fuzhou |
3,600 |
533 |
0 |
|||
|
Jiangyin |
3,500 |
519 |
↓30 |
|||
|
Average price |
3,480 |
516 |
↓20 |
|||
|
150 mm x 150 mm |
20 MnSi |
Tangshan |
3,550 |
526 |
↓20 |
|
|
Jinzhong |
3,490 |
517 |
↓30 |
|||
|
Fuzhou |
3,700 |
548 |
0 |
|||
|
Jiangyin |
3,650 |
541 |
↓30 |
|||
|
Average price |
3,598 |
533 |
↓20 |
|||
|
250*1800*6000 |
Q235 |
Tangshan, Hebei |
3,250 |
481 |
↑50 |
All prices are ex-warehouse and on actual weight basis and include 17 percent VAT.
$1 = RMB 6.75