Chinese domestic semi-finished steel prices decrease

Tuesday, 09 January 2018 15:16:35 (GMT+3)   |   Shanghai
       

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)

Billet

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

Billet

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

Slab

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


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