Chinese domestic steel section prices have softened slightly during the past week.
As for billet, prices of the semi-finished steel product in the Chinese domestic market have showed a fluctuation with downward trend during the past week. In Tangshan, the current price of Q235 150 mm x 150 mm square billet is at RMB 2,910/mt ($410/mt), the price of 165 mm x 225 mm rectangular billet stands at RMB 2,930/mt ($413/mt), while the price of 20MnSi billet is at around RMB 3,010/mt ($424/mt). The prices are all ex-mill, including 13 percent VAT.
Overall trading activity in the domestic steel section market has improved a little, while prices have decreased by small margins amid decreases in billet prices, though downstream demand has picked up a little lately. As for the week ahead, it is believed that steel section prices may fluctuations small margins against the backdrop of weak support from the cost side and expectations of improved trading activity during the coming traditional peak season.
Product name |
Specification |
City |
Price (RMB/mt) |
Weekly change (RMB/mt) |
Price ($/mt) |
Weekly change ($/mt) |
Angle (Q235) |
50 mm x 50 mm x 5 mm |
Shanghai |
3,360 |
+30 |
473 |
+5 |
Beijing |
3,220 |
+30 |
453 |
+5 |
||
Tangshan |
3,300 |
-20 |
465 |
-2 |
||
Tianjin |
3,070 |
+20 |
432 |
+3 |
||
Guangzhou |
3,470 |
0 |
489 |
+1 |
||
Average price |
3,284 |
+12 |
462 |
+2 |
||
Channel (Q235) |
160 mm x 65 mm x 8.5 mm |
Shanghai |
3,400 |
-130 |
479 |
-18 |
Beijing |
3,210 |
+30 |
452 |
+5 |
||
Tangshan |
3,280 |
-30 |
462 |
-4 |
||
Tianjin |
3,060 |
-20 |
431 |
-2 |
||
Guangzhou |
3,680 |
0 |
518 |
+1 |
||
Average price |
3,326 |
-30 |
468 |
-3 |
||
I-beam (Q235) |
250 mm x 118 mm x 10 mm |
Shanghai |
3,430 |
-10 |
483 |
-1 |
Beijing |
3,470 |
+30 |
489 |
+5 |
||
Tangshan |
3,480 |
-60 |
490 |
-8 |
||
Tianjin |
3,240 |
-40 |
456 |
-5 |
||
Guangzhou |
3,590 |
0 |
505 |
+1 |
||
Average price |
3,442 |
-16 |
485 |
-1 |
The prices are all ex-mill, including 13 percent VAT.
$1 = RMB 7.103
