Chinese domestic steel section prices have moved downward with fluctuations during the past week.
As for billet, prices of the semi-finished steel product in the Chinese domestic market have indicated a slightly downward trend during the past week. In Tangshan, the current price of Q235 150 x 150 mm square billet is at RMB 4,980/mt ($767/mt), the price of 165 x 225 mm rectangular billet stands at RMB 5,000/mt ($770/mt), while the price of 20MnSi billet is at around RMB 5,080/mt ($782/mt). The prices are all ex-works, including 13 percent VAT.
Overall trading activity has been weak in the Chinese domestic steel section market. Upstream billet prices and other raw material prices have indicated a downtrend which mainly cause section steel prices to follow. Supply volume recently has been low, with demand being also sluggish. As for the week ahead, considering the weak raw material prices, it is believed that section steel prices may decline with slight fluctuations.
Product name |
Specification |
City |
Price (RMB/mt) |
Weekly change (RMB/mt) |
Price ($/mt) |
Weekly change ($/mt) |
Angle (Q235) |
50 mm x 50 mm x 5 mm |
Shanghai |
5,730 |
-30 |
882 |
-8 |
Beijing |
5,080 |
-110 |
782 |
-20 |
||
Tangshan |
5,430 |
-100 |
836 |
-19 |
||
Tianjin |
5,060 |
-110 |
779 |
-20 |
||
Guangzhou |
5,860 |
-100 |
902 |
-19 |
||
Average price |
5,432 |
-90 |
836 |
-17 |
||
Channel (Q235) |
160 mm x 65 mm x 8.5 mm |
Shanghai |
5,600 |
-30 |
862 |
-8 |
Beijing |
5,130 |
-100 |
790 |
-19 |
||
Tangshan |
5,450 |
-90 |
839 |
-17 |
||
Tianjin |
5,120 |
-100 |
788 |
-18 |
||
Guangzhou |
6,030 |
-100 |
928 |
-19 |
||
Average price |
5,466 |
-84 |
841 |
-16 |
||
I-beam (Q235) |
250 mm x 118 mm x 10 mm |
Shanghai |
5,660 |
-30 |
871 |
-8 |
Beijing |
5,320 |
-40 |
819 |
-9 |
||
Tangshan |
5,510 |
-130 |
848 |
-23 |
||
Tianjin |
5,240 |
-40 |
807 |
-9 |
||
Guangzhou |
5,970 |
-100 |
919 |
-19 |
||
Average price |
5,540 |
-68 |
853 |
-14 |
The prices are all ex-mill, including 13 percent VAT.
$1 = RMB 6.497
