Chinese domestic steel section prices softened during the past week.
As for billet, prices of the semi-finished steel product in the Chinese domestic market have showed a downward trend during the past week. In Tangshan, the current price of Q235 150 mm x 150 mm square billet is at RMB 3,980/mt ($579/mt), the price of 165 mm x 225 mm rectangular billet stands at RMB 4,000/mt ($582/mt), while the price of 20MnSi billet is at around RMB 4,080/mt ($594/mt). The prices are all ex-mill, including 13 percent VAT.
Overall trading activity in the domestic steel section market has declined a little in the past week and is currently considered to be at normal levels, while prices have been influenced by the weakening of billet prices. Supply has increased, but demand has declined, which has also encouraged most traders to reduce their quoted prices in order to close more deals. As for the week ahead, it is believed that steel section prices could rebound slightly after the previous decreases.
Product name |
Specification |
City |
Price (RMB/mt) |
Weekly change (RMB/mt) |
Price ($/mt) |
Weekly change ($/mt) |
Angle (Q235) |
50 mm x 50 mm x 5 mm |
Shanghai |
4,580 |
-40 |
667 |
1 |
Beijing |
4,120 |
-30 |
600 |
2 |
||
Tangshan |
4,380 |
-60 |
638 |
-2 |
||
Tianjin |
4,090 |
-30 |
595 |
2 |
||
Guangzhou |
4,850 |
-20 |
706 |
4 |
||
Average price |
4,404 |
-36 |
641 |
1 |
||
Channel (Q235) |
160 mm x 65 mm x 8.5 mm |
Shanghai |
4,360 |
0 |
635 |
6 |
Beijing |
4,140 |
-30 |
603 |
2 |
||
Tangshan |
4,370 |
-60 |
636 |
-2 |
||
Tianjin |
4,120 |
-30 |
600 |
2 |
||
Guangzhou |
4,860 |
-20 |
708 |
4 |
||
Average price |
4,370 |
-28 |
636 |
2 |
||
I-beam (Q235) |
250 mm x 118 mm x 10 mm |
Shanghai |
4,420 |
-70 |
643 |
-4 |
Beijing |
4,190 |
-20 |
610 |
3 |
||
Tangshan |
4,480 |
-30 |
652 |
2 |
||
Tianjin |
4,180 |
-30 |
609 |
2 |
||
Guangzhou |
4,860 |
-20 |
708 |
4 |
||
Average price |
4,426 |
-34 |
644 |
2 |
The prices are all ex-mill, including 13 percent VAT.
$1 = RMB 6.869
