Chinese domestic steel section prices have continued a downward trend during past week.
In the Shanghai market, the price of 50 mm x 50 mm x 5 m steel angles is now at $601/mt (RMB 4,220/mt). The same product is sold at $551/mt (RMB 3,870/mt) in the Tangshan market and at $624/mt (RMB 4,380/mt) in the Guangzhou market. Meanwhile, prices of 160 mm x 65 mm x 8.5 mm steel channels stand at $574/mt (RMB 4,030/mt) in the Shanghai market, at $546/mt (RMB 3,830/mt) in Tangshan and at $647/mt (RMB 4,540/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 $580/mt (RMB 4,070/mt), $560/mt (RMB 3,930/mt) and $634/mt (RMB 4,450/mt). The prices are all ex-mill, including 13 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 steel product in the Chinese domestic market have continued their downward trend during the past week. In Tangshan, the current price of Q235 150 x 150 mm square billet is at RMB 3,470/mt ($494/mt), the price of 165 x 225 mm rectangular billet stands at RMB 3,490/mt ($497/mt), while the price of 20MnSi billet is at around RMB 3,570/mt ($508/mt). The prices are all ex-mill, including 13 percent VAT.
Overall trading activity in the Chinese domestic steel section market has been at weak levels in the past week. While most section producers chose to kept quoted prices stable at the beginning of the week, after rebar and billet future market prices in China declined, both producers and traders reduced their steel section prices, while certain local markets showed relatively larger decreases due to their higher inventories. As for the week ahead, considering the demand side has remained weak and the impact of bad weather on certain districts, as well as the weakness of raw material and futures prices, it is believed that domestic steel section prices will continue to move down.
Product name |
Spec. |
Category |
City |
Steel plant/origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly change (RMB/mt) |
Angle |
50 mm x 50 mm x 5 mm |
Q235 |
Shanghai |
Masteel |
4.220 |
601 |
↓40 |
Beijing |
Shougang |
3.680 |
524 |
↓120 |
|||
Tangshan |
Tangshan |
3.870 |
551 |
↓130 |
|||
Tianjin |
Zhaobo |
3.750 |
534 |
↓70 |
|||
Guangzhou |
Tongsteel |
4.380 |
624 |
↓50 |
|||
Average |
- |
3.980 |
567 |
↓82 |
|||
Channel |
160 mm x 65 mm x 8.5 mm |
Q235 |
Shanghai |
Masteel |
4.030 |
574 |
0 |
Beijing |
Shagang |
3.680 |
524 |
↓120 |
|||
Tangshan |
Tangshan |
3.830 |
546 |
↓80 |
|||
Tianjin |
Tianjin |
3.730 |
531 |
↓60 |
|||
Guangzhou |
Guangzhou |
4.540 |
647 |
↓50 |
|||
Average |
- |
3.962 |
564 |
↓62 |
|||
I Beam |
250 mm x 118 mm x 10 mm |
Q235 |
Shanghai |
Laiwu |
4.070 |
580 |
↓20 |
Beijing |
Laiwu |
3.780 |
538 |
↓110 |
|||
Tangshan |
Tangshan |
3.930 |
560 |
↓80 |
|||
Tianjin |
Haicheng |
3.740 |
533 |
↓70 |
|||
Guangzhou |
Haicheng |
4.450 |
634 |
↓60 |
|||
Average |
- |
3.994 |
569 |
↓68 |
$1 = RMB 7.02
