In the past week, Chinese domestic steel section prices first moved upwards and then started to decline.
As for billet, in the past seven days, prices of the semi-finished steel product in the Chinese domestic market also first increased and then moved back down. In Tangshan, the current price of Q235 150 mm x 150 mm square billet is at RMB 4,950/mt ($755/mt), the price of 165 mm x 225 mm rectangular billet stands at RMB 4,970/mt ($758/mt), while the price of 20MnSi billet is at around RMB 5,050/mt ($770/mt). The prices are all ex-mill, including 13 percent VAT.
Overall trading activity in the steel section market is at normal levels, while traders have not been so eager to increase stock levels in order to avoid risks. Steel section prices followed the trend of prices of billet. As for the week ahead, it is believed that section steel prices may fluctuate on a soft trend.
|
Product name |
Specification |
City |
Price (RMB/mt) |
Weekly change (RMB/mt) |
Price ($/mt) |
Weekly change ($/mt) |
|
Angle (Q235) |
50 mm x 50 mm x 5 mm |
Shanghai |
5,420 |
280 |
826 |
41 |
|
Beijing |
5,060 |
250 |
772 |
36 |
||
|
Tangshan |
5,430 |
280 |
828 |
41 |
||
|
Tianjin |
5,050 |
240 |
770 |
35 |
||
|
Guangzhou |
5,770 |
170 |
880 |
24 |
||
|
Average price |
5,346 |
244 |
815 |
35 |
||
|
Channel (Q235) |
160 mm x 65 mm x 8.5 mm |
Shanghai |
5,380 |
360 |
820 |
53 |
|
Beijing |
4,980 |
80 |
759 |
10 |
||
|
Tangshan |
5,260 |
30 |
802 |
3 |
||
|
Tianjin |
4,980 |
80 |
759 |
10 |
||
|
Guangzhou |
5,850 |
170 |
892 |
24 |
||
|
Average price |
5,290 |
144 |
807 |
20 |
||
|
I-beam (Q235) |
250 mm x 118 mm x 10 mm |
Shanghai |
5,480 |
390 |
836 |
58 |
|
Beijing |
5,000 |
120 |
762 |
16 |
||
|
Tangshan |
5,340 |
150 |
814 |
21 |
||
|
Tianjin |
5,000 |
120 |
762 |
16 |
||
|
Guangzhou |
5,820 |
170 |
887 |
24 |
||
|
Average price |
5,328 |
190 |
812 |
27 |
The prices are all ex-mill, including 13 percent VAT.
$1 = RMB 6.558