Chinese domestic steel section prices softened slightly on week-on-week basis.
In the Shanghai market, the price of 50 mm x 50 mm x 5 m steel angles is now at $644/mt (RMB 4,330/mt). The same product is sold at $576/mt (RMB 3,870/mt) in the Tangshan market and at $650/mt (RMB 4,370/mt) in the Guangzhou market. Meanwhile, prices of 160 mm x 65 mm x 8.5 mm steel channels stand at $609/mt (RMB 4,090/mt) in the Shanghai market, at $568/mt (RMB 3,820/mt) in Tangshan and at $677/mt (RMB 4,550/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 $592/mt (RMB 3,980/mt), $574/mt (RMB 3,860/mt) and $667/mt (RMB 4,480/mt). The prices are all ex-mill, including 16 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 indicated a decrease during the past week. In Tangshan, the current price of Q235 150 x 150 mm square billet is at RMB 3,430/mt ($510/mt), the price of 165 x 225 mm rectangular billet stands at RMB 3,450/mt ($513/mt), while the price of 20MnSi billet is at around RMB 3,530/mt ($525/mt). The prices are all ex-mill, including 16 percent VAT.
Overall trading activity in the local Chinese steel section market has been at normal levels in the past seven days. Billet prices and rebar futures prices in China rose at the beginning of the past week, resulting in upticks in steel section prices. However, with prices of rebar and billet softening and trading activity slackening somewhat due to environment protection measures, steel section prices have softened during the remainder of the week. As for the week ahead, low inventories and an anticipated gradual improvement in trading activity will provide support for steel section prices. As a result, it is believed that domestic steel section prices may fluctuate on a slight uptrend in the coming week.
|
Product name |
Spec. |
Category |
City |
Steel plant/origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly change (RMB/mt) |
|
Angle |
50 mm x 50 mm x 5 mm |
Q235 |
Shanghai |
Masteel |
4,330 |
644 |
↓20 |
|
Beijing |
Shougang |
3,650 |
543 |
↓10 |
|||
|
Tangshan |
Tangshan |
3,870 |
576 |
0 |
|||
|
Tianjin |
Zhaobo |
3,650 |
543 |
↓30 |
|||
|
Guangzhou |
Tongsteel |
4,370 |
650 |
0 |
|||
|
Average |
- |
3,974 |
591 |
↓12 |
|||
|
Channel |
160 mm x 65 mm x 8.5 mm |
Q235 |
Shanghai |
Masteel |
4,090 |
609 |
↓30 |
|
Beijing |
Shagang |
3,670 |
546 |
↓10 |
|||
|
Tangshan |
Tangshan |
3,820 |
568 |
0 |
|||
|
Tianjin |
Tianjin |
3,650 |
543 |
↓30 |
|||
|
Guangzhou |
Guangzhou |
4,550 |
677 |
0 |
|||
|
Average |
- |
3,956 |
589 |
↓14 |
|||
|
I Beam |
250 mm x 118 mm x 10 mm |
Q235 |
Shanghai |
Laiwu |
3,980 |
592 |
↓20 |
|
Beijing |
Laiwu |
3,730 |
555 |
↓10 |
|||
|
Tangshan |
Tangshan |
3,860 |
574 |
↓20 |
|||
|
Tianjin |
Haicheng |
3,680 |
548 |
↓30 |
|||
|
Guangzhou |
Haicheng |
4,480 |
667 |
0 |
|||
|
Average |
- |
3,946 |
587 |
↓16 |
$1 = RMB 6.69