Chinese domestic semi-finished steel prices rise further

Tuesday, 08 August 2017 16:56:00 (GMT+3)   |   Shanghai
       

During the week ending August 8, Chinese domestic semi-finished steel prices have continued their overall upward trend, while transaction activity in the market has been at decent levels. Average prices of steel billet and slab in the local Chinese market are presented in the following table.

During the given week, the semi-finished steel market in China has received a boost from the announcement of blast furnace output cuts by the authorities in Hebei Province for the coming winter season (November 2017-March 2018). At the same time, ferrous metal futures prices in China have moved up, exerting a positive impact on domestic semi-finished steel prices. It is thought that semi-finished steel prices in the Chinese domestic market will likely continue to move up in the coming week.

Product Name

Spec.

Category

City

Price (RMB/mt)

Price ($/mt)

Weekly Change (RMB/mt)

Billet

150 mm x 150 mm

Q195-Q235

Tangshan

3,700

552

↑150

Jinzhong

3,650

545

↑200

Fuzhou

3,850

575

↑200

Jiangyin

3,880

579

↑250

Average price

3,770

563

↑200

Billet

150 mm x 150 mm

20 MnSi

Tangshan

3,800

567

↑150

Jinzhong

3,770

563

↑200

Fuzhou

3,950

590

↑200

Jiangyin

4,030

601

↑250

Average price

3,888

580

↑200

Slab

250*1800*6000

Q235

Tangshan, Hebei

3,470

518

↑90

All prices are ex-warehouse and on actual weight basis and include 17 percent VAT.

$1 = RMB 6.70


Similar articles

Import longs offers in Romania now attractive, local prices stable

28 Mar | Longs and Billet

Turkish domestic dollar-based rebar spot prices soften

28 Mar | Longs and Billet

Major steel and raw material futures prices in China - March 28, 2024

28 Mar | Longs and Billet

Rebar consumption in Mexico decreases 3.1 percent in January

27 Mar | Steel News

US rebar prices mostly stable with occasional deals

27 Mar | Longs and Billet

Downtrend reverses in Pakistan’s import scrap segment

27 Mar | Scrap & Raw Materials

Turkey seeks to raise rebar export offers, demand mostly seen locally

27 Mar | Longs and Billet

Iskenderun-based Turkish mill increases its rebar price      

27 Mar | Longs and Billet

Major steel and raw material futures prices in China - March 27, 2024

27 Mar | Longs and Billet

US import rebar market remains quiet

26 Mar | Longs and Billet