Chinese domestic steel section market move down

Monday, 08 January 2018 17:53:36 (GMT+3)   |   Shanghai
       

Chinese domestic steel section price have moved down during the past week.

In the Shanghai market, the price of 50 mm x 50 mm x 5 m steel angles is now at $681/mt (RMB 4,460/mt). The same product is sold at $653/mt (RMB 4,280/mt) in the Tangshan market and at $728/mt (RMB 4,770/mt) in the Guangzhou market. Meanwhile, prices of 160 mm x 65 mm x 8.5 mm steel channels stand at $672/mt (RMB 4,400/mt) in the Shanghai market, at $634/mt (RMB 4,150/mt) in Tangshan and at $744/mt (RMB 4,870/mt) in the Guangzhou market. In the Shanghai, Tangshan and Guangzhou markets, 250 mm x 118 mm x 10 m I-beam prices stand respectively at $653/mt (RMB 4,280/mt), $670/mt (RMB 4,390/mt) and $730/mt (RMB 4,780/mt). The prices are all ex-mill, including 17 percent VAT. Steel section prices in the Chinese domestic market can be viewed in the table below.

As for billet, prices of the semi-finished product in the Chinese domestic market have indicated a significant decrease during past week. In Tangshan, the current price of Q235 150 x 150 mm square billet is at RMB 3,670/mt ($560/mt), the price of 165 x 225 mm rectangular billet stands at RMB 3,690/mt ($563/mt), while the price of 20MnSi billet is at around RMB 3,790/mt ($579/mt). The prices are all ex-mill, including 17 percent VAT.

Domestic steel section prices in China price have decreased during the past week due to the influence of the downward movement of the upstream billet prices both in spot and future markets, though the decline seen in domestic steel section quotations have been relatively smaller compare to billet prices. Low inventory levels in the local Chinese steel section market have also provided a certain support to section prices. Overall trading activity in the Chinese domestic steel section market has remained weak, while most traders have held a negative view for the future trend of the market. As for the coming week, domestic steel section prices are expected to fluctuate on a slightly soft trend.

 

Product name

Spec.

Category

City 

Steel plant/origin

Price (RMB/mt)

Price ($/mt)

Change (Dec. 25) (RMB/mt)

Angle

50 mm x 50 mm x 5 mm

Q235 

Shanghai

Masteel

4,400

677

↓60

Beijing

Shougang

3,910

602

↓170

Tangshan

Tangshan

4,170

642

↓110

Tianjin

Zhaobo

3,950

608

↓160

Guangzhou

Tongsteel

4,640

714

↓130

Average

 -

4,214

648

↓126

Channel

160 mm x 65 mm x 8.5 mm

Q235

Shanghai

Masteel

4,360

671

↓40

Beijing

Shagang

3,890

598

↓170

Tangshan

Tangshan

4,020

618

↓130

Tianjin

Tianjin

3,920

603

↓160

Guangzhou

Guangzhou

4,740

729

↓130

Average

 -

4,186

644

↓126

I Beam

250 mm x 118 mm x 10 mm

Q235

Shanghai

Laiwu

4,230

651

↓50

Beijing

Laiwu

3,940

606

↓170

Tangshan 

Tangshan

4,150

638

↓240

Tianjin

Haicheng

3,940

606

↓160

Guangzhou

Haicheng

4,650

715

↓130

Average

 -

4,182

643

↓150

$1 = RMB 6.50 


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