Chinese domestic steel section prices have mostly moved down slightly during the past week.
As for billet, prices of the semi-finished steel product in the Chinese domestic market have moved up by a small margin during the past seven days. In Tangshan, the current price of Q235 150 mm x 150 mm square billet is at RMB 4,590/mt ($688/mt), the price of 165 mm x 225 mm rectangular billet stands at RMB 4,610/mt ($691/mt), while the price of 20MnSi billet is at around RMB 4,690/mt ($703/mt). The prices are all ex-mill, including 13 percent VAT.
Overall trading activity in the domestic steel section market has increased but is still on the weak side. Supply volumes have continued to increase following the easing of Covid restrictions. As for the week ahead, it is believed that domestic steel section prices may edge up by small margins supported by the lifting of restrictions.
Product name |
Specification |
City |
Price (RMB/mt) |
Weekly change (RMB/mt) |
Price ($/mt) |
Weekly change ($/mt) |
Angle (Q235) |
50 mm x 50 mm x 5 mm |
Shanghai |
5,240 |
-60 |
786 |
-5 |
Beijing |
4,610 |
-40 |
691 |
-2 |
||
Tangshan |
4,840 |
0 |
726 |
+4 |
||
Tianjin |
4,530 |
-10 |
679 |
+2 |
||
Guangzhou |
5,320 |
0 |
798 |
+4 |
||
Average price |
4,908 |
-22 |
736 |
+1 |
||
Channel (Q235) |
160 mm x 65 mm x 8.5 mm |
Shanghai |
5,050 |
-40 |
757 |
-2 |
Beijing |
4,620 |
-40 |
693 |
-2 |
||
Tangshan |
4,880 |
+50 |
732 |
+11 |
||
Tianjin |
4,540 |
-10 |
681 |
+2 |
||
Guangzhou |
5,440 |
0 |
816 |
+4 |
||
Average price |
4,906 |
-8 |
736 |
+3 |
||
I-beam (Q235) |
250 mm x 118 mm x 10 mm |
Shanghai |
5,160 |
-40 |
774 |
-2 |
Beijing |
4,690 |
-90 |
703 |
-10 |
||
Tangshan |
4,970 |
+30 |
745 |
+8 |
||
Tianjin |
4,700 |
-30 |
705 |
-1 |
||
Guangzhou |
5,490 |
0 |
823 |
+4 |
||
Average price |
5,002 |
-26 |
750 |
0 |
The prices are all ex-mill, including 13 percent VAT.
$1 = RMB 6.669
