Chinese domestic steel section market showed fluctuating with downward trend

Monday, 11 September 2017 15:54:02 (GMT+3)   |   Shanghai
       

Chinese domestic steel section showed a fluctuating with reduce trend in past week.

In the Shanghai market, the price of 50 mm x 50 mm x 5 m steel angles is now at $672/mt (RMB 4,380/mt). The same product is sold at $641/mt (RMB 4,180/mt) in the Tangshan market and at $702/mt (RMB 4,580/mt) in the Guangzhou market. Meanwhile, prices of 160 mm x 65 mm x 8.5 mm steel channels stand at $666/mt (RMB 4,340/mt) in the Shanghai market, at $629/mt (RMB 4,100/mt) in Tangshan and at $707/mt (RMB 4,610/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 $655/mt (RMB 4,270/mt), $635/mt (RMB 4,140/mt) and $713/mt (RMB 4,650/mt). The prices are all ex-mill, including 17 percent VAT. Steel section prices in the Chinese domestic market can be viewed in the SteelOrbis price reports section.

As for billet, Chinese domestic market price got a slightly reduce trend in past week. In Tangshan, the current price of Q235 150 x 150 mm square billet is at RMB 3,790/mt ($581/mt), the price of 165 x 225 mm rectangular billet stands at RMB 3,810/mt ($584/mt), while the price of 20MnSi billet is at around RMB 3,890/mt ($597/mt). The prices are all ex-mill, including 17 percent VAT.

During the past week, domestic section prices in some regions of China have remained unchanged, while in other regions prices have moved down. Meanwhile, overall trading volume in the local Chinese section market has remained weak over the past week. The production volume in the local Chinese section market has decreased due to the environmental measures. This has supported domestic section prices in the spot market. But due to the weakness of demand, most traders are more willing to offer discounts. As for next week, market sources believe domestic section quotations in China will continue their fluctuating trend.

Product name

Spec.

Category

City 

Steel plant/origin

Price (RMB/mt)

Price ($/mt)

Weekly change (RMB/mt)

Angle

50 mm x 50 mm x 5 mm

Q235 

Shanghai

Masteel

4,380

672

↓20

Beijing

Shougang

4,140

635

↓60

Tangshan

Tangshan

4,180

641

↓120

Tianjin

Zhaobo

4,110

630

Guangzhou

Tongsteel

4,580

702

 0

Average

 -

4,278

656

↓40

Channel

160 mm x 65 mm x 8.5 mm

Q235

Shanghai

Masteel

4,340

666

↓10

Beijing

Shagang

3,970

609

↓60

Tangshan

Tangshan

4,100

629

↓100

Tianjin

Tianjin

4,020

617

 0

Guangzhou

Guangzhou

4,610

707

 0

Average

 -

4,208

645

↓34

I Beam

250 mm x 118 mm x 10 mm

Q235

Shanghai

Laiwu

4,270

655

↓10

Beijing

Laiwu

4,090

627

↓60

Tangshan 

Tangshan

4,140

635

↓80

Tianjin

Haicheng

4,040

620

 0

Guangzhou

Haicheng

4,650

713

 0

Average

 -

4,238

650

↓30

$1 = RMB 6.52 


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