Chinese domestic steel section prices have indicated small fluctuations during the past seven days, with some slight upticks seen also.
As for billet, prices of the semi-finished steel product in the Chinese domestic market have showed a slightly reduce trend during the past week. In Tangshan, the current price of Q235 150 mm x 150 mm square billet is at RMB 2,960/mt ($436/mt), the price of 165 mm x 225 mm rectangular billet stands at RMB 2,980/mt ($439/mt), while the price of 20MnSi billet is at around RMB 3,060/mt ($451/mt). The prices are all ex-mill, including 13 percent VAT.
Mainstream ex-China H-beam steel section offer prices from the ports of Shanghai or Tianjin stand at $482-517/mt FOB as of today, Monday, July 27, up slightly compared to July 20.
Overall trading activity in the Chinese steel section has been sluggish during the past week. Upstream billet prices have softened a little, but most steel section traders have chosen to hold their quoted prices stable or have even raised their quoted prices a little since production volumes have continued decreasing recently. As for the week ahead, it is believed that steel section prices may continue to fluctuate by small margins.
| Product name | Specification | City | Price (RMB/mt) | Weekly change (RMB/mt) | Price ($/mt) | Weekly change ($/mt) |
| Angle (Q235) | 50 mm x 50 mm x 5 mm | Shanghai | 3,400 | 0 | 501 | 0 |
| Beijing | 3,230 | 20 | 476 | 3 | ||
| Tangshan | 3,290 | 10 | 484 | 2 | ||
| Tianjin | 3,060 | 10 | 451 | 2 | ||
| Guangzhou | 3,440 | 0 | 507 | 0 | ||
| Average price | 3,284 | 8 | 484 | 1 | ||
| Channel (Q235) | 160 mm x 65 mm x 8.5 mm | Shanghai | 3,390 | 0 | 499 | 0 |
| Beijing | 3,220 | 20 | 474 | 3 | ||
| Tangshan | 3,260 | -10 | 480 | -1 | ||
| Tianjin | 3,050 | 10 | 449 | 2 | ||
| Guangzhou | 3,510 | 0 | 517 | 0 | ||
| Average price | 3,286 | 4 | 484 | 1 | ||
| I-beam (Q235) | 250 mm x 118 mm x 10 mm | Shanghai | 3,440 | 0 | 507 | 0 |
| Beijing | 3,290 | 20 | 484 | 3 | ||
| Tangshan | 3,340 | -10 | 492 | -1 | ||
| Tianjin | 3,120 | 10 | 459 | 2 | ||
| Guangzhou | 3,510 | 0 | 517 | 0 | ||
| Average price | 3,340 | 4 | 492 | 1 |
The prices are all ex-mill, including 13 percent VAT.
$1 = RMB 6.791
| Product Name | Category | Specification | Port | FOB Price(USD) | Rise & Fall (USD) |
| H beam | Q235B | 200*200*8*12 | Tianjin | 482 | 1 |
| Q235B | 600*200*11*17 | Tianjin | 507 | 1 | |
| SS400 | 200*200*8*12 | Tianjin | 487 | 1 | |
| SS400 | 600*200*11*17 | Tianjin | 512 | 1 | |
| S275JR | HEA200 | Tianjin | 497 | 1 | |
| A36 | W8*31 | Tianjin | 497 | 1 | |
| A36 | W12*65 | Tianjin | 512 | 1 | |
| A36 | W12*65 | Shanghai | 522 | 1 | |
| Q355B | 200*200*8*12 | Tianjin | 517 | 1 | |
| Q355B | 200*200*8*12 | Shanghai | 527 | 1 |
