Chinese domestic steel section prices continue to move up

Monday, 29 March 2021 17:40:44 (GMT+3)   |   Shanghai
       

Chinese domestic steel section prices have continued to rise during the past seven days.

As for billet, prices of the semi-finished steel product in the Chinese domestic market have indicated a strong upward trend in the past week. In Tangshan, the current price of Q235 150 mm x 150 mm square billet is at RMB 4,850/mt ($752/mt), the price of 165 mm x 225 mm rectangular billet stands at RMB 4,870/mt ($755/mt), while the price of 20MnSi billet is at around RMB 4,950/mt ($767/mt). The prices are all ex-mill, including 13 percent VAT.

Overall trading activity in the domestic steel section market has been at normal levels in the past week, while rises in prices of billet and other raw materials have been the main factors causing prices of steel sections to increase. Market inventory has been at normal levels and producers have mostly increased their quoted prices due to ongoing rises in raw material costs. As for the week ahead, with demand back to normal levels and support from the cost side still strong, it is believed that steel section prices in China will continue their upward trend.

Product name

Specification

City

Price (RMB/mt)

Weekly change (RMB/mt)

Price ($/mt)

Weekly change ($/mt)

Angle (Q235)

50 mm x 50 mm x 5 mm

Shanghai

5,140

70

786

8

Beijing

4,810

100

735

13

Tangshan

5,150

100

787

13

Tianjin

4,810

110

735

14

Guangzhou

5,600

160

856

22

Average price

5,102

108

780

14

Channel (Q235)

160 mm x 65 mm x 8.5 mm

Shanghai

5,020

70

767

8

Beijing

4,900

110

749

14

Tangshan

5,230

60

799

6

Tianjin

4,900

110

749

14

Guangzhou

5,680

140

868

18

Average price

5,146

98

787

12

I-beam (Q235)

250 mm x 118 mm x 10 mm

Shanghai

5,090

70

778

8

Beijing

4,880

60

746

7

Tangshan

5,190

50

793

5

Tianjin

4,880

50

746

5

Guangzhou

5,650

160

864

21

Average price

5,138

78

785

9

The prices are all ex-mill, including 13 percent VAT.

$1 = RMB 6.542


Similar articles

H-beam prices in local Chinese market - week 13, 2024

26 Mar | Longs and Billet

Chinese domestic steel section prices decrease slightly

25 Mar | Longs and Billet

Turkey’s Kardemir issues planned sales volumes for April-June

22 Mar | Steel News

US beam imports up 11.2 percent in January

20 Mar | Steel News

US beam exports up 48.3 percent in January

19 Mar | Steel News

H-beam prices in local Chinese market - week 12, 2024

19 Mar | Longs and Billet

Chinese domestic steel section prices keep declining

18 Mar | Longs and Billet

H-beam prices in local Chinese market - week 11, 2024

12 Mar | Longs and Billet

Chinese domestic steel section prices continue slight downtrend

11 Mar | Longs and Billet

Bulgarian longs prices drop amid lower scrap prices, sluggish demand

07 Mar | Longs and Billet