Chinese domestic steel section prices fluctuate slightly

Monday, 25 July 2022 17:39:03 (GMT+3)   |   Shanghai
       

Chinese domestic steel section prices have fluctuated slightly during the past week.

As for billet, prices of the semi-finished steel product in the Chinese domestic market have showed a slightly upward trend during the past week. In Tangshan, the current price of Q235 150 mm x 150 mm square billet is at RMB 3,610/mt ($534/mt), the price of 165 mm x 225 mm rectangular billet stands at RMB 3,630/mt ($537/mt), while the price of 20MnSi billet is at around RMB 3,710/mt ($549/mt). The prices are all ex-mill, including 13 percent VAT.

Overall trading activity in the domestic steel section market has been weak due to the off-season, though very low supply levels as well as slight rises in billet prices have provided some support for steel section prices. As for the week ahead, it is believed that steel section prices may rebound slightly.

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

4,210

-30

623

-5

Beijing

3,730

0

552

-1

Tangshan

3,910

-70

579

-11

Tianjin

3,670

-20

543

-4

Guangzhou

4,510

-10

668

-2

Average price

4,006

-26

593

-5

Channel (Q235)

160 mm x 65 mm x 8.5 mm

Shanghai

4,100

-30

607

-5

Beijing

3,760

0

557

-1

Tangshan

3,980

+30

589

+4

Tianjin

3,700

-40

548

-7

Guangzhou

4,680

-10

693

-2

Average price

4,044

-10

599

-2

I-beam (Q235)

250 mm x 118 mm x 10 mm

Shanghai

4,370

-30

647

-5

Beijing

3,890

0

576

-1

Tangshan

4,090

30

606

4

Tianjin

3,900

0

577

-1

Guangzhou

4,670

-10

691

-2

Average price

4,184

-2

619

-1

The prices are all ex-mill, including 13 percent VAT.

$1 = RMB 6.754


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